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

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Firms As US Yields Soften, RBNZ On Tap

NZD

NZD/USD prints at $0.6310/15, the pair was ~0.2% firmer yesterday

  • Kiwi was range bound against the USD yesterday, NZD/USD was moderately pressured as US Treasury Yields rose through the European session.
  • A reversal in US Yields on softer jobs data saw the NZD firm off session lows, rallying around ~0.6% from trough to peak.
  • Bulls target a break of the high from Feb 14 at $0.6390, from here they can target 2023 high at $0.6538. Bears first look to break the 20-Day EMA ($0.6241) to turn the tide.
  • AUD/NZD fell ~0.7% yesterday after the RBA held rates at 3.6%. The cross is back below its 20-Day EMA having been unable to sustain a break.
  • Whole Milk Powder average price fell at the latest GDT auction to $3,053 from $3,228.
  • Cross asset flows were mixed; 10 Year US Treasury Yields fell 7bps, DXY was ~0.5% softer. S&P500 fell 0.6%.
  • The RBNZ monetary policy decision provides the highlight today, the bank is expected to raise the OCR 25bps to 5.00%. The MNI preview is here.
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