MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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

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A$ Range Trading But Close To Intraday Highs

AUD

AUDUSD had been range trading but then jumped to 0.6530 on lower-than-expected China CPI data, which saw its fastest fall since September 2009. The pair are around this level at 0.6528, 0.1% higher on the day. The USD index is down slightly.

  • Aussie crosses are little changed with AUDNZD around 1.0671, AUDEUR 0.6057 and AUDGBP 0.5168. AUDJPY is 0.1% higher to 96.73 during comments from BoJ’s Uchida.
  • Equities are generally higher with the ASX up 0.5%, Nikkei +0.7% but the Hang Seng down 0.3%. The S&P e-mini is slightly lower. Oil prices are moderately higher with WTI up 0.3% to $74.08/bbl. Copper is 0.4% higher and iron ore is trading around $128/t.
  • Later the Fed’s Barkin speaks, and BoE’s Mann, ECB’s Lane & Elderson appear. There is little on the data front. Tomorrow RBA Governor Bullock appears before the House of Reps economics committee at 0930 AEDT.
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