PBOC sets USD/CNY at 6.4585 vs 6.4490 last close

China official manufacturing PMI for March came in at 50.2 vs 49.4 expected and 49 last. The reading shows China back in expansionary territory (Above 50.00), the best level since July 2015, and terminating what had been a downward tendency in the official NBS PMI series since August 2015.