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CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

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CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

MNI JAPAN JUNE CORE CPI +2.6% Y/Y; MAY +2.5%

MNI: UK JUL GFK CONSUMER CONFIDENCE INDEX -13

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

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CANADA: Rare Double BoC Speak

LOOK AHEAD
  • Gov Macklem and Sr Dep Gov Rogers appear before the House at 1100ET with the opening statement released concurrently.
  • On Jan 25, the BoC switched to a conditional pause on Jan 25 with an openness to further hikes but only after an accumulation of evidence that they’re needed.
  • Macklem’s remarks on Feb 7 echoed the sentiment although did note more uncertainty on both excess demand reducing with below trend growth and the pace at which service inflation might dissipate. Since then, employment surged (150k vs cons 15k) and the u/e rate held just a tenth off record lows at 5.0%.
  • It will be followed late on by Dep Gov Beaudry on “The importance of the BoC’s 2% inflation target”, with remarks published 1755ET before a 1810ET start.
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