MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI BRIEF: NZ CPI Prints Lower Than Expected At 3.3% Y/y

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1318 WED VS 7.1328

June Exports Miss, Electronic Exports Fall, Lagging Other Parts Of Asia

EZ/UK Bond Supply Calendar: Greece, UK, Germany Due Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction on 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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Covid-19 yet again dominated overnight news...>

FOREX
FOREX: Covid-19 yet again dominated overnight news flow. China's daily update on
case count & death toll remained in focus. A slight moderation in case count
growth coupled with continued recovery of infected patients was weighed against
South Korea's confirmation of 15 new cases. Mild risk-on flows were observed in
G10 FX space. USD/JPY broke above the Y110.00 mark as safe havens underperformed
& high-betas firmed up. RBNZ Gov Orr offered little new in his latest address,
but the upbeat overtones in his testimony may have helped NZD a little.
- In Asia, the PBoC fix topped estimates as China set its USD/CNY mid-point
above CNY7.0 for the first time this year. The yuan took a hit but trimmed
losses later on. KRW softened on the back of new Covid-19 cases being confirmed
in South Korea, but recovered as FinMin Hong talked up the gov't's plans to
deploy fiscal stimulus and shore up the economy, rattled by the epidemic.
- Data highlights today include inflation data from the UK (CPI, PPI & RPI),
U.S. (PPI), Canada (CPI), and Sweden (CPI). U.S. housing starts/building permits
& Fed meeting minutes are also on the radar. Central bank speaker slate features
Fed's Bostic, Mester, Kashkari, Kaplan & Barkin.
Energy BulletsCommodities
Energy BulletsCommodities

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