MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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

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

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All Eyes On RBNZ

NZD

NZD/USD rose for the fourth straight day on Tuesday, having a brief look above the prior intraday high to print best levels since Apr 2018. The rate was slightly heavy in Asia-Pac hours, but recovered later in the day, with focus on comments from Fed Chair Powell who noted that "the economy is a long way from our employment and inflation goals."

  • The RBNZ are set to deliver their monetary policy decision today. Please see the earlier RBNZ bullet to access our preview.
  • RBNZ Gov Orr will hold a presser an hour after the decision announcement. He will also speak in parliament tomorrow and at Canterbury Chamber on Friday.
  • On the data front, final ANZ Business confidence hits the wires on Thursday, with trade balance & ANZ Consumer Confidence coming up on Friday.
  • Elsewhere, NZ Director-General of Health Bloomsfield warned that the UK strain of the coronavirus may cause atypical symptoms, including muscle aches and fatigue.
  • Just to recap, New Zealand found three new cases of Covid-19 in the community on Tuesday, but Bloomsfield said that there is no need to raise Covid alert levels now.
  • NZD/USD last trades at $0.7335, just shy of neutral levels. Bears need a slide through the 50-DMA at $0.7193 to sigh with relief. On the topside, initial focus falls on Apr 13, 2018 high of $0.7395, followed by Feb 16, 2018 high of $0.7437.
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