MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

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

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

CAD Reverses Course on Oil Drop

FOREX

After a decent start to the week, WTI and Brent futures reversed into the NYMEX close, undermining early CAD strength and pressuring the currency to the bottom end of the G10 table. Weight went through in WTI and Brent crude futures following OPEC's outlook update in which they see daily global fuel demand dropping by around 1mln barrels per day across the first quarter of next year.

GBP was among the strongest currencies Monday, as markets welcomed the decision to extend trade deal negotiations as a sign that middle ground can be met before the end of the transition period on Dec31. Betting markets now see a trade deal as the odds-on outcome.

Chinese industrial production & retail sales data are due Tuesday as well as the UK jobs numbers for November. US import/export price indices and industrial production numbers also cross.

Energy BulletsCommodities
Energy BulletsCommodities

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.