MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

EZ/UK T-Bill Calendar: Greece, Italy Auction on Wednesday

April PMIs: Price Pressures Amid Stronger But Uneven Growth

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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Bounces Off Session Lows

AUD

AUD/USD bounces off session lows after Australia Q1 business conditions hit a record high according to the NAB survey, business confidence slipped to stayed fell to 17 from a revised 19 last time out, while business conditions rose 12 points to 32. Alan Oster, NAB Group Chief Economist: "Business conditions were still in negative territory in Q3 2020, and now, three quarters later, they were at a record high, a testament to how rapid the recovery has been from last year's recession".

  • The ABS trade balance report showed exports of goods in June rose 8%, while imports also rose 8%, the trade surplus printed $13.271bn. The ABS also released payroll data and noted payroll jobs fell by 1% due to increased COVID-19 restrictions in most states and territories.
  • AUD/USD last down 10 pips at 0.7350 from session lows of 0.7342.
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