MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

March Final HICP Data Suggests “Easter Effects” Limited To Airfares

MNI: US MBA: MARKET COMPOSITE +3.3% SA THRU APR 12 WK

US MBA: REFIS +0.5% SA; PURCH INDEX +5% SA THRU APRIL 12 WK

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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Firmer, Q4 CPI In Focus

NZD

NZD/USD prints at $0.6500/05, ~0.2% firmer in today's trading

  • The pair had been in a narrow $0.6480/0.6505 range today, currently dealing a touch below session highs as a recovery in US equities off session lows aided a recent bid in NZD.
  • AUD/NZD broke above the 20-day and 50-day EMAs yesterday and is consolidating above $1.08 handle. NZD/JPY is pressured as it deals a touch above the 100-day EMA.
  • December BNZ Performance Services Index was on the wires this morning, printing at 52.1 the prior reading was revised higher to 53.8.
  • Cross asset flows are muted, BBDXY is ~0.1% softer and US Equity futures are now essentially unchanged.
  • Q4 CPI is on the wires early tomorrow, and looms as a key risk event for NZD.
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