MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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DXY has recoiled and sits +11 pips at........>

DOLLAR
DOLLAR: DXY has recoiled and sits +11 pips at 96.73 as earlier risk appetite has
waned. Continued rally above Jun 8 high of 97.07 would shift topside focus to
the 23.6% retracement of the Mar 20 - Jun 5 slide at 97.99. Bears need a drop
below Jun 5 low of 96.44 to regain the upper hand.
- WTI trades +$0.43, gold last seen -$2.17. 
- With massive protests raging across the U.S., Pres Trump accused Joe Biden of
willing to "defund" the police, which was quickly downplayed by the Democratic
presumptive nominee. Meanwhile, the Democrats unveiled their police bill, but it
will need to pass through the Republican-controlled Senate & the White House.
- Today's U.S. data docket includes wholesale inventories, but the main focus is
on FOMC monetary policy decision, due Wednesday.
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