RPT-MNI: EU Expects France To Request 7-Year Fiscal Plan

MNI: PBOC Net Drains CNY238.9 Bln via OMO Friday; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.0101 Fri; +4.14% Y/Y

MNI BRIEF: PBOC To Cut RRR and Key Rates From Sept 27

CHINA PBOC CONDUCTS CNY333 BLN VIA 14-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0101 FRI VS 7.0354

MNI: FRANCE SEP HICP -1.2% M/M, +1.5% Y/Y

MNI: FRANCE AUG CONSUMER SPENDING +0.2% M/M, +0% Y/Y

MNI: FRANCE AUG PPI +0.2% M/M, -6.3% Y/Y

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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A strong start to the week for major..........>

FOREX
FOREX: A strong start to the week for major Asia-Pac equity indices weighed on
the safe haven currency bloc overnight. USD/JPY peaked at Y112.10, just shy of
its YTD highs, before retreating towards unchanged levels. Worth reminding
U.S.-Japan trade talks will commence later today, after U.S. Tsy Sec Mnuchin
said that any bilateral trade will need to address currency devaluation issues.
- CAD also struggled, pressured by a combination of softer WTI, political
uncertainty surrounding Tuesday's election in the oil-rich Alberta province, and
Friday's hawkish comments re: trade with the U.S. from Canadian FinMin Morneau.
Elsewhere, BoC Gov Poloz said that future rate hikes will depend on data.
- NZD outperformed at the margin, supported by positive risk sentiment observed
in the G10 FX space. AUD lagged its Antipodean cousin, after China filed a
complaint to the WTO re: Australia's ban on Huawei's access to its 5G market.
- GBP & SEK ticked higher, with no apparent catalyst in terms of data/news flow.
- Focus today turns to U.S. Empire m'fing & Italian gov't debt, as well as the
BoC's Senior Loan Officer Survey & Business Outlook Survey. Central bank
rhetoric will be provided by BoE's Haskel, ECB's Villeroy and Fed's Evans.
Energy BulletsCommodities
Energy BulletsCommodities

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