MNI China Daily Summary: Friday, April 19

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

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% 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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AUD On The Up as RBA Double Down on Taper Plan

FOREX
  • AUD outperforms, with the currency seeing some support from the RBA rate decision, which ran against market expectations. The Bank chose to stick with its tapering plan, going against market consensus, pledging to continue to wind down purchases from A$5bln per week to A$4bln in early September. AUD/USD is just below the week's highs of 0.7408, with resistance seen at 0.7429, the high from Jul 19.
  • The greenback is weaker inside a range, with the USD Index soft but still just above the Monday lows of 91.912 and last week's multi-month lows of 91.782.
  • NOK is the strongest currency in G10, with the currency benefiting from a stabilisation in oil prices after Monday's downtick. USD/NOK eyes the formation of a golden cross in DMA space, with the 50-dma likely to top the 200-dma at some point this week.
  • US factory orders and final durable goods orders numbers are the highlight on the data slate, with the speaker schedule also light. Fed's Bowman is due to give welcoming remarks at a Fed conference focused on low income and marginalized workers.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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