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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Dollar rally loses steam, giving majors.......>

FOREX
FOREX: Dollar rally loses steam, giving majors some breathing room
-After two particularly strong sessions, the USD rally paused Thursday, granting
some reprieve for the majors with many holding close to recent cycle lows.
Today's price action favoured the JPY as US earnings soured slightly (markets
focused on 3M and UPS's reports in particular, which sent the stocks spinning as
much as 10% lower) and slowed the recent stock rally. This prompted USD/JPY to
print below the 200-dma at Y111.50 for the first time since Apr11, leaving
support at the 50-dma of Y111.29.
-The Swedish and Turkish central banks added their names to the list of global
policymakers opting for 'lower for longer' rates, sending their respective
currencies lower. SEK was the poorest performer in G10, hitting multi-decade
lows against the USD and multi-year lows against the EUR. TRY reacted similarly,
prompting USD/TRY to rally just shy of the 6.00 handle.
-Focus Friday turns to a deluge of Japanese data, most notably industrial
production and retail sales, as well as US Q1 GDP. The Russian central bank
decide rates, expected unchanged at 7.75%.
Energy BulletsCommodities
Energy BulletsCommodities

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