MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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Coronavirus Cases Stubbornly Above 500

KRW

The won is weaker in early trade, but the move higher in USD/KRW is muted when considering the rally in the greenback on Thursday. The pair is up 1.85 at 1132.25. The rate remains above the 200-DMA (1124.24) and bulls will target the May high at 1137.60.

  • Elsewhere, South Korea reported 507 new cases in the past 24 hours, above 500 for the third day. Health authorities are set to implement a revamped four-tier social distancing scheme next month that will likely ease business curfews and other restrictions. Details of the upcoming measures will be announced Sunday. Meanwhile the government plans to administer vaccines to 22 million people of the general public aged between 18 and 59 starting next month as part of its inoculation campaign, health authorities said Thursday.
  • As a reminder, late Thursday Former Prime Minister Chung Sye-kyun formally announced his intention to run for president next year, promising to become a leader to build a strong economy and stamp out inequality.
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