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MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1149 MON VS 7.1151

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Japan Apr Machine Orders -2.9% M/M

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MNI JAPAN APRIL CORE MACHINE ORDERS -2.9% M/M; MAR +2.9%

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Another red start

USD
  • The Dollar is again leaning in red territory, with the Risk tone still underpinned/bid going into the European session.
  • The Kiwi was the best performer, but has been taken over by the SEK in G10s versus the Dollar.
  • Focus in Equities is still on the Nasdaq, with the contract making an attempt at its record high Yesterday, but only managed a 16,173.50 high versus a 16,264.25 contract high.
  • For the SEK, the Scandies is up 0.63%, still short of its best printed level this week at 10.3753 (prices are according to Bloomberg), which will be seen as support by market participants in USDSEK.
  • A break through the latter, opens to 10.2991.
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