MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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 Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

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Finance Minister Reiterates FX Intervention Would Not Make Sense

COLOMBIA
  • Speaking with reporters on Thursday, Finance Minister Jose Antonio Ocampo reiterated that intervention to defend Colombia’s peso “wouldn’t make any sense,” after the currency weakened to a fresh record low.
    • Ocampo told reporters that Chile had burned a lot of reserves trying without success to defend its currency, while Colombia hadn’t spent a single dollar and has achieved similar results.
  • The foreign funds who have poured money into Colombia’s local debt market over the last decade have been net sellers this month, amid market volatility and doubts over the policies of President Gustavo Petro. (BBG)
  • The government will respect already-signed oil contracts, the energy ministry said on Thursday, amid industry jitters over tax reform and plans by the new leftist government to move the country more aggressively toward renewables. (Reuters)
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