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

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1048 WEDS VS 7.1059

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI China Daily Summary: Tuesday, April 23

MNI: AUSTRALIA MONTHLY MAR CPI 0.4% MM, 3.8% YY

MNI:AUSTRALIA Q1 CPI +0.9% Q/Q

MNI: UK JAN-MAR MEDIAN PAY AWARDS +4.8% :XpertHR/Brightmine

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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Caution

FOREX

Defensive flows have kicked in as U.S. e-mini futures have lost some altitude, wounded by a downgrade to Walmart's profit outlook. The reluctance to take on more risk ahead of this Wednesday's monetary policy decision from the Fed may have also filtered through into the FX space.

  • The yen paces gains, finding poise after yesterday's sell-off. Spot USD/JPY has shed ~30 pips thus far, halving losses registered the day before.
  • Selling pressure hits commodity-tied FX space, sending Antipodean currencies to the bottom of the G10 pile. This coincides with mild weakness in WTI futures.
  • AUD/NZD holds above neutral levels, with AU/NZ 2-year swap spread grinding a tad higher. The Antipodean cross refreshed its six-week high, topping out at NZ$1.1113.
  • Today's data highlights include U.S. new home sales & Conf. Board Consumer Confidence. Elsewhere, the FOMC will begin its two-day meeting.
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