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CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1315 Fri; -1.12% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1339

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FED’S DALY: POLICY ADJUSTMENTS LIKELY WARRANTED AT SOME POINT

CHINA JUN EXPORTS +8.6% Y/Y VS MEDIAN +8.0% Y/Y: CUSTOMS

MNI: CHINA H1 EXPORTS +6.9% Y/Y IN YUAN TERM: CUSTOMS

CHINA H1 EXPORT +3.6% Y/Y VS JAN-MAY +2.7% Y/Y

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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IFX: Russian Gov't Accuses US Of Breaking New START Treaty

US-RUSSIA

Headline on social media and wires from Russia's Interfax stating that the Russian foreign ministry has accused the United States of breaking the provisions of the New START nuclear arms limitation treaty, which was extended in January.

  • No official statement available yet, nor any response from the US side. Also not clear in what capacity the US may have violated the treaty. Comes at a sensitive time for US-Russian relations following the Russian troop buildup on the Ukrainian border earlier in the spring.
  • New START is the last remaining major arms limitation treaty in place between the US and Russia.
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