MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

CHINA PBOC CONDUCTS CNY676 BILLION VIA 7-DAY REVERSE REPOS TUE

CHINA SETS YUAN CENTRAL PARITY AT 7.1328 TUE VS 7.1313

MNI BRIEF: Fed's Powell Says Neutral Rate Has Likely Risen

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

King's Speech Due Wednesday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Caution Takes Hold In Early Trade, GBP Rises On Hopes For Progress In Brexit Talks

FOREX

Little to add for G10 FX space on top of what we have already covered. Initial risk-off feel, linked to a mix of familiar catalysts (namely coronavirus situation & U.S. fiscal matters), has moderated. Commodity FX generally still struggle to fully regain poise, albeit NZD has recovered with liquidity thinned by a market holiday in New Zealand. Sterling leads gains in the space, after EU Chief Negotiator Barnier, who was due to leave London on Sunday, decided to stay on and extend the current phase of talks with the UK through Wednesday.

  • USD/KRW resumed its sell-off after the weekend, punching through the KRW1,130 mark to print worst levels since Mar 2019.
  • Hong Kong markets are shuttered for a local holiday.
  • Focus today falls on German Ifo Survey, U.S. new home sales, a policy speech from Japanese PM Kuroda and comments from ECB's de Cos.
Energy BulletsCommodities
Energy BulletsCommodities

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