MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

Blinken-US Uninvolved & Unaware Of Haniyeh Elimination Beforehand

MNI: US MBA: MARKET COMPOSITE -3.9% SA THRU JUL 26 WK

US MBA: REFIS -7% SA; PURCH INDEX -2% SA THRU JULY 26 WK

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Antipodeans Extend Higher, HK & Chinese Equities Rally, Northbound Flows Return

FOREX

The antipodeans are firming as strength HK and Chinese Equities spills over into firmer risk sentiment. Northbound stock connect flows have returned today, up 7.43bn yuan at this stage. There doesn't appear an obvious catalyst for the moves.

  • US futures are also higher, +0.20 for Eminis, +0.30% for Nasdaq shares at this stage.
  • AUD/USD deals at $0.6955/60 a touch off the session high of $0.6955. Strength in copper (up ~0.6%) and iron ore (~1.2% firmer) are aiding the bid at the margins, along with the better tone in some equity markets.
  • NZD/USD is the best performer in G10 space, up ~0.6%, has dealt through its 50-day EMA ($0.6337). The pair last printed $0.6338/45.
  • NOK and SEK are the next best performers in G-10 space both are ~0.2% firmer.
  • JPY,EUR and GBP are ~0.1% firmer vs USD.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.