MNI: PBOC Sets Yuan Parity Lower At 7.1228 Thurs; +2.24% Y/Y

MNI: PBOC Net Drains CNY218.4 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY359.3 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1228 THURS VS 7.1307

MNI BRIEF: BOK Holds Rate, Downgrades GDP, CPI View

MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday

MNI: UK AUG FLASH MANUF PMI 52.5 (FCST 52.2); JUL 52.1

MNI: EUROZONE AUG FLASH MANUF PMI 45.6 (FCST 45.8); JUL 45.8

MNI: GERMANY AUG FLASH MANUF PMI 42.1 (FCST 43.3); JUL 43.2

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

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AMLO Tests Positive For Covid, MXN Remains Firm

MEXICO
  • Mexico’s President AMLO said he was again infected with Covid-19 after having been stricken by the virus a little under a year ago.
    • “Even though the symptoms are light, I will remain isolated and only work from the office and hold on-line meetings until further notice,” the president wrote in his social media accounts. “In the meantime, Interior Secretary Adán Augusto López Hernández will take over for me at press conferences and other events.”
  • A brief squeeze above 20.50 on the equities sell-off yesterday a brief and minor hiccup for the resilient Peso. The late recovery for major indices brings USDMXN back to familiar levels between 20.35-40.
    • Attention remains on support at 20.2517, Nov 9 low and 20.1196, Oct 26 low. The latter of which is a key support.
  • Little on the domestic docket for the rest of the week may leave local assets at the mercy of global drivers, with a clear focus on tomorrow’s US CPI data.
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