CNY

Further China support for Russia - wants to erode dominance of USD

US Trade Representative Tai says still working on next trade actions with China

JP Morgan downgrade China economic growth forecast, again. Project large contraction.

China Securities Journal says there may be an issue of special sovereign bonds

ICYMI - Biden and Yellen will discussa review of US tariffs on China

China cabinet announces package of targeted support measures to bolster the economy

• China implements 33 measures in six areas, introducing tax rebates and city-specific policies to support the housing market

Beijing reportedly mulls relaxing hotel quarantine to one week for international arrivals

• China continues to deliberate between tighter restrictions and balancing economic prospects

Chinese yuan poised for strongest weekly gain since 2005

• USD/CNY closes the domestic session at 6.67, strongest close in over two weeks

Shanghai feel the economic pinch of lockdown measures in April

• China's 'zero covid' policy sees Shanghai report a broad economic decline

PBOC sets USD/ CNY reference rate for today at 6.7487 (vs. estimate at 6.7502)

• The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

PBOC rate setting: 1-year LPR 3.7% (prior 3.70%) while 5-year LPR 4.45% (prior 4.60%)

• People's Bank of China loan prime rate (LPR) setting for May 2022

PBOC loan prime rate monthly setting coming up - rate cut expected

Hopes are up (again) for rates down today from the People's Bank of China

• Friday, 20 May 2022 bring the loan prime rate (LPR) setting from the People's Bank of China

PBOC sets USD/ CNY reference rate for today at 6.7524 (vs. estimate at 6.7510)

• The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

Car sales in China up 27% m/m in the first half of May