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 BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

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

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

EZ/UK Bond Supply Calendar: UK, GR Synd; DE Auction Wednesday

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (2/2)

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (1/2)

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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BRL Leads Gains Amid Bolstered Risk Sentiment

LATAM
  • The Brazilian real leads regional FX gains on Tuesday as renewed optimism for global equity indices filters through to EMFX, despite higher US yields.
  • Limited newsflow and light data dockets have kept the rest of the regions FX moves broadly in line with greenback weakness. Price action in MXN has been uneventful, however, the pair has consolidated below 20.00 support which could suggest a move to key support at 19.7274, Apr 4 low.
  • Tomorrow’s data highlight is Chile Q1 GDP, where a 0.4% contraction is expected for the quarter, bringing the annual rate down to 7.9% Y/y.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.31% at 19.961
    • USDBRL down 2.27% at 4.9447
    • USDCLP down 0.73% at 851.52
    • USDCOP down 0.71% at 4029.43
    • USDPEN down 0.23% at 3.7629
    • BBG Dollar Index down 0.65% at 1245.14
    • USDCNH down 0.79% at 6.7434
    • JPMorgan EM Ccy Index up 0.42% at 51.986
    • S&P E-Mini Future up 56.75 points (1.42%) at 4064.5
    • WTI Crude Oil (front-month) down $1.82 (-1.59%) at $112.35
    • US 10-Yr yield is up 7.6 bps at 2.9586%
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