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MNI: PBOC Sets Yuan Parity Higher At 7.1201 Mon; -1.20% Y/Y

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1201 MON VS 7.1196

MNI BRIEF: China Hopes EU To Ease Frictions Via Negotiations

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

IFO surprises to the downside

MNI: GERMANY JUN IFO BUSINESS CLIMATE INDEX 88.6

Consensus looks for higher IFO; flash PMI points to risks lower

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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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Audi Workers Agree Pay Increase Deal, Banamex Survey Due

MEXICO
  • Despite the muted price action across currency markets, the Mexican peso continues to trade with a positive tilt, evidenced by USDMXN edging towards initial support at the 17.00 handle in recent trade. Markets turn their focus to the FOMC minutes on Wednesday and further weakness for USDMXN would highlight key support and the bear trigger, which remains at 16.7852, the Jan 8 low.
  • On the data front, the latest Banamex survey of economists with forecasts for inflation, GDP growth and the interest rate outlook will be released today. Weekly international reserves data will also cross at 1500GMT / 1000ET (prior $213.2bn), while nominal wages data may also be released.
  • Meanwhile, Audi’s unionised workers at its plant in Puebla state agreed to a 10.2% pay increase after a vote on Sunday. The deal includes a 7% increase in direct salary and a 3.2% increase offered through benefits. The deal resolves a workers strike that began on January 24.
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