MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

VIEW CHANGE: BNP looks for first cut in August rather than June

March Final HICP Data Suggests “Easter Effects” Limited To Airfares

MNI: US MBA: MARKET COMPOSITE +3.3% SA THRU APR 12 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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1 Month NDF Back Close To 1250

KRW

1 month USD/KRW finished Friday's NY session just above 1247, +1.9% higher for the session. This move was in line with higher beta FX pairs in the G10 space, as the USD saw broad based support post the payrolls data. The pair hasn't been above 1250 since the first part of January, so this level could be watched on the topside, particularly with fresh yen weakness in the first part of the trading session. On the downside, the 20-day EMA comes in close to 1239.

  • The data calendar is empty today, but the Financial Supervisory Service Governor, Lee Bok-hyun does meet with local media.
  • The equity lead is negative for the Kospi following US falls on Friday. Tech indices didn't underperform greatly though (SOX -1.9%, MSCI IT -0.92%).
  • To recap, the Kospi ended last week at 2480.40, +0.47% for Friday's session, but close to unchanged for the week. Offshore investors added $1.1bn to local stocks last week, with $475.6mn added on Friday's session.
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