CNY

China PMIs for April 2022 have been published - all are well into contraction

• China is hanging with the zero covid policy. PMIs have dropped further into contraction in April from March.

Chinese yuan rebounds, onshore yuan now below 6.60 against the dollar

• The yuan firms after China pledges more support for the economy

China's Politburo: Economy faces rising uncertainties and complexity

• Remarks by China's Politburo via state media

Shanghai Composite a little higher on the session - cost reductions impacting?

China official and Caixin PMIs are due over the weekend

ICYMI: China will cut coal import tariffs to zero from May 1

China’s stock clearing agency said it will halve stock transfer fees from Friday

PBOC sets USD/ CNY mid-point today at 6.6177 (vs. estimate at 6.6127)

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

Aussie and kiwi feeling the pinch ahead of European morning trade

• The drag in the yuan is weighing on sentiment

No red line being drawn yet on the yuan's plunge

• The dollar advances past 6.60 against the offshore Chinese yuan

China forecasts airplane trips to be down 77% on the May Day holiday compared to last year

PBOC sets USD/ CNY reference rate for today at 6.5628 (vs. estimate at 6.5614)

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

China's Cabinet split over opening stimulus ‘flood gates’ to counter property slump

• Financial Times have the piece

China Industrial Profits YTD +5.0% y/y (prior 5.0%)

PBOC sets USD/ CNY mid-point today at 6.5598 (vs. estimate at 6.5614)

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