PBOC sets USD/CNY at 6.5233 vs 6.5148

May 10, 2016

Steel’s recent resurgence risks derailing industry reform - NAB

Analysts at NAB noted that a credit-fuelled rebound in China’s construction activity has breathed new life into the country’s beleaguered steel industry.

Japan FinMin Aso: Japan will intervene in FX if moves one-sided

Japan Finance Minister Aso notes that Japan will intervene in fx market if moves are one-sided, Reuters reports.