MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Firms On Stimulus Headlines & FX Regulator Comments

CNH

USD/CNH has hit fresh lows of 7.1641 in earlier. We sit slightly higher at the time of writing, last 7.1680/90. Headlines have crossed the authorities have unveiled measures to boost electronic consumption (see this link). Measures are also being introduced to promote automobile purchases. China's State Planner indicating it will encourage regions with purchase restrictions to issue annual purchase targets as soon as possible.

  • These announcements appear to be aiding a better tone to HK (+1%) and onshore equities (the CSI last around +0.50%). We are slightly away from best levels though.
  • The FX regulator also stated that it will keep yuan basically stable in a forceful manner and that it will prevent sharp volatility in the local FX. The authorities will also use a comprehensive set of tools to stabilize expectations.
  • The regulator also stated that China bonds remain attractive (to offshore investors) and that it will continue to deepen FX market reforms.
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.