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

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MNI: NORWAY JUN CPI +0.2% M/M, +2.6% Y/Y

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

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A mixed day for the dollar as the market......>

FOREX
FOREX: A mixed day for the dollar as the market focused on Fed nominee Powell,
tax reform, government shutdown. The dollar did receive a lift following a
hawkish testimonial from Powell, then lost ground in reaction to Schumer and
Powell pulling out of a meeting with Trump over the government shutdown. Towards
the end of the session it was reported that North Korea launched a ballistic
missile test. This saw a demand for yen, predominately through eur/yen.
-Aussie: In reaction to comments from House Ways and Means Chairman Brady on
CNBC "that confident that tax bill will pass" has seen a sharp drop in XAU. The
pair followed suit dropping to $0.7590.
-The Aussie gets a lift following rallying gold prices, amid concerns
over the US tax bill. The rate went onto print fresh session highs of $0.7620
before dropping to $0.7600, following pressure on aud/yen in reaction to NK
launching missile test.
-Yen: A spike in the dollar towards the NY close as the Senate budget comte
advances GOP tax bill. Usd/yen spiked to session highs of Y111.60
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