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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

BEIJING (MNI)

China's M2 money supply growth quickened to 8.3% y/y in May, up from 8.1% y/y in the previous month. The outcome is in line with analyst expectations, according to data released by the People's Bank of China Thursday.

Among the key metrics, M1 growth slowed to 6.1% y/y from a previous 6.2% gain, while M0 rose 5.6% y/y, quickening from the 5.3% gain in April. Aggregate financing rebounded slightly to CNY1.92 trillion from the previous CNY1.85 trillion, but still underperforming the median forecast of CNY2.05 trillion. On an annual basis, it slowed to 11.0% from 11.7% at the end of April.

LENDING

New loans edged up to CNY1.5 trillion, close to April's CNY1.47 trillion, meeting the median forecast.

Shadow banking transactions reduced by CNY262.9 billion, compared to the reduction of CNY369.3 billion in April. Among which, entrusted loans, trust loans, undiscounted bankers' acceptances fell CNY40.8 billion, CNY129.5 billion and CNY92.6 billion, respectively.

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