MNI China Daily Summary: Tuesday, April 2

MNI BRIEF: China to Incentivise Equipment Upgrades, Trade-Ins

MNI: PBOC Drains Net CNY148 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0957 Tues; -4.95% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.0957 TUES VS 7.0938

Services Stickiness To Offset Goods Pullback In State CPI Data

NBP Watch

MNI Projects Soft National CPI M/M Print, But Core Disinflation Slow

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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AUD crosses jumped after the release of......>

AUSSIE
AUSSIE: AUD crosses jumped after the release of the local jobs report. A surge
in part-time positions drove employment higher, which in combination with an
unchanged participation rate brought unemployment lower, to 5.1% from 5.2%.
Expectations were for the unemployment rate to stay unch., while the increase in
employment also beat expectations. Worth highlighting that full-time employment
shrank slightly.
- AUD/USD trades at $0.6874, 29 pips higher. Following a break above the 50-DMA
at $0.6872, bulls turn the focus to the 200-DMA at $0.6881. Above there would
bring the Jan 16 high of $0.6934 into view.
- AUD/JPY last sits at Y75.41, 23 pips better off. The 21-DMA at Y75.62 remains
the initial bullish target.
- AUD/NZD has added 44 pips and trades at NZ$1.0426. Bulls look for a break
above the 50-DMA/Jan 15 high of NZ$1.0456/59. Bears would be pleased by a
pullback under the NZ$1.0400 mark, towards yesterday's low of NZ$1.0365.
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