MNI China Daily Summary: Wednesday, July 3

MNI BRIEF:BOJ Q1 Output Gap Hits 16th Negative Reading In Row

MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

PPI a Tenth Softer than Exp; Further NEIG HICP Disinflation to Come?

MNI: EUROZONE MAY PPI -0.2% M/M, -4.2% Y/Y

Services PMI points to wage bills increasing operating expenses

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BoK Rate Announcement Eyed

KRW

Forwards indicate a slightly lower open for USD/KRW, 1-month forwards last at 1112.48 dipping slightly following a climb into the close yesterday.

  • Markets are expected to tread water ahead of the BoK rate announcement later in the session, expected around 0100GMT, but there is some leeway for timing of the release.
  • Alongside the rate announcement the bank will revise forecasts for GDP and CPI, December forecasts below – as a reminder BoK Gov Lee said the economy was not deviating significantly from the estimates.
  • Also due today are discount store sales for January due at 0200GMT/1000KST.
  • Risk appetite has improved, US stocks reversed early losses and closed in positive territory, while markets continue to digest dovish commentary from Fed Chair Powell, which should help support KRW ahead of the decision.
BulletEM BulletEmerging Market NewsForeign Exchange BulletsMarkets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.