MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

MNI: UK MAR RETAIL SALES +0% M/M, +0.8% Y/Y

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

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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Antipodeans Lag G10 Pack, Tight Ranges In Play

FOREX

The Antipodeans lost ground, even as both BBG Commodity Index and the yuan edged higher. Their respective downswings were shallow, as G10 crosses hugged very tight ranges. Regional sentiment gauges suggested that moods are souring this month, as Australia's Westpac Consumer Confidence and New Zealand's flash ANZ Business Confidence slipped.

  • Chinese inflation data provided the main point of note on the Asia-Pac docket. PPI beat expectations on the back of the global commodity boom, which boosted factory-gate inflation to +9.0% Y/Y, the fastest pace since 2008. Strong producer price growth overshadowed a slight miss in CPI, while the yuan extended gains after the release.
  • The USD came under a modicum of pressure ahead of the release of U.S. CPI on Thursday. China's PPI was under scrutiny as a potential bellwether of U.S. consumer price growth.
  • Looking ahead to the London/NY sessions, the docket will be headlined by the latest Bank of Canada monetary policy decision and accompanying statement, although this is largely expected to be a placeholder for a live July meeting.
Energy BulletsCommodities
Energy BulletsCommodities

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