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

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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

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

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FOREX SUMMARY

FOREX

FX has remained within ranges.

On the whole, USD has traded in the red against most majors, besides the EUR, SEK and BRL.

  • USD unwound some of the small bids, as Gold rallied.
  • Turnovers have been on low-ish side, as market participants focus on Brexit outcome.
  • Covid and Brexit has favoured safer assets like Gold and Govies going into the weekend.
  • EUR leads losses against the NZD in G10, as the Kiwi fares pretty well,
  • EURNZD is off the lows at 1.1095, and next area to watch is noted at 1.7047, Nov low, and also lowest level since 24th Feb.
  • Canadian Retail sale beat expectation, but limited impact on the CAD
  • USDCAD is steady at 1.3053, and next support is seen at 1.3034 Low Nov 18In EM FX, ZAR has stayed within ranges pre rating decision later.
  • Looking ahead: Sovereign rating after hours
  • Fitch on Portugal (current rating: BBB, Outlook Stable)
  • Moody's South Africa (current rating: Ba1; Outlook Negative)
  • S&P on South Africa (current rating: BB-; Outlook Stable)
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