MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

Australia Jun Total Dwelling Approved -6.5%

MNI: AUSTRALIA MAY BUILDING APPROVALS -6.5% M/M, -3.7% Y/Y

MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

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

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Focus On January Inflation Data Due Thursday

CHILE
  • Moderate weakness for the greenback is lending further support to the Chilean peso at Wednesday’s open, with USDCLP now roughly 1.65% off the prior 15-month highs of 959.63. Chile reported a larger trade surplus in January and softer December nominal wages earlier today. It is worth noting that copper exports dipped to $3.38b from $4.16b, an 18% decrease. Copper accounted for 36.9% of total exports in January.
  • Inflation data due on Thursday is the major focus of the domestic docket. The headline annual rate is expected to dip further to 3.5% in January from 3.9% in the prior month. As a reminder, a statement noted the BCCh will not publish any measures for core inflation this month, while it updates its calculations. Revised data for core inflation will be published in March.
  • The major news overnight was that former president, Sebastián Piñera, died on Tuesday when the helicopter he was piloting crashed in a lake in a rural area of southern Chile, government officials and people close to the former president said. Piñera and three passengers were traveling in his small helicopter when it splashed down during a vacation in the town of Lake Ranco, some 460 miles south of Santiago, the capital, said the former president's longtime aide, Jaime Bellolio.
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