MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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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Bloomberg Dollar Index At Best Levels Since Dec 21st

LATAM FX

LATAM FX: With the Bloomberg Dollar Index reaching it's highest level since December 21st, LatAm currencies are under pressure:

  • USDMXN retains bullish undertone approaching best levels of session at 20.5158. A closing of the weekend gap would require a move back to 20.5911.
  • USDBRL has filled the gap from the open and now trades marginally positive on the day at 5.4741. Noted strong resistance above at 5.5262.
  • Hacienda Dollar Auctions being called have been unable to halt the reversal higher in USDCLP, obviously partially offset by the central bank buying their 40mil USDs.
    • Worth noting for those that follow, FyF changed their signal to red on Friday, indicating that a change in recommendation may be imminent. Despite being towards the top end of foreign allocation of 70% in their advice, multiple analysts have not ruled out moving to 80% creating further headwinds for the peso in the short term.
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