MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EURPLN, EURCZK Rise Half a Percent Amid Holiday Thinned Trade

CEE FX
  • EURPLN is seen ticking higher towards initial firm resistance at 4.6232, the 20-day EMA, as thin liquidity due to the holidays exacerbates currency moves. The weakness in PLN is coinciding with EURUSD slipping back below 1.10 and EURPLN potentially triggering a few stops above the overnight highs and the highs set late last week around 4.60. Furthermore, comments from central banker Gabriela Maslowska, who expects inflation to reach single-digits by Autumn, have crossed wires this morning following last week’s softer preliminary inflation data.
  • Similarly, EURCZK rises above the April highs at 23.5790. This seen as a moderate retracement of the strong downtrend amid ongoing hawkishness from the central bank regarding both policy and the level of the Koruna. The moves precede the CNB rate decision on Wednesday. The CZK FRA curve dovishly repriced last week following Hungary’s signal that it is beginning its easing cycle, though rates are expected to be held at 7%.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.