MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1196 FRI VS 7.1192

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

Japan May Core CPI +2.5% Y/Y; Energy Price Surges

MNI BRIEF: Japan May Core CPI Rises 2.5% Vs. April +2.2%

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

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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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AUD/USD Sees Little Follow Through From Retail Sales Beat

AUD

AUD/USD hit session highs of 0.6440 post the better than expected July retail sales print (0.5%m/m versus 0.3% forecast), but we now sit slightly lower. The pair last near 0.6430. The currency was around 0.6435 prior to the release, so the net impact has been fairly limited. We remain +0.40% firmer for the session though and the best performer in the G10 space.

  • Most of the focus remains on positive spill over from the China/HK equity bounce post the share trading levy cut news from weekend. The HSI is down slightly from session highs, last around +2.3%, while USD/CNH has firmed back towards 7.2800 (earlier lows were just under 7.2700).
  • For AUD/USD the 0.6440 level coincides with Friday session highs, while on Thursday we topped out at 0.6490. Friday lows came in around 0.6380.
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