MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

CHINA PBOC CONDUCTS CNY251.67 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1346 WEDS VS 7.1364

MNI CNB WATCH: Fine-Tuning Set To Start, But 50Bps 'In Play'

Japan Jun Retail Sales +3.7% Y/Y

Japan Jun Ind. Output -3.6% M/M; First Fall In 2 Mths

MNI BRIEF: Aussie CPI In Line With Forecasts

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

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FOREX SUMMARY

FOREX

Another busy session for FX, but have nonetheless traded within the morning ranges this afternoon.

  • GBP stayed under pressure most of the session initially led by the combination of a higher EUR and a lower USD, following expectation that the Georgia run-off races will be won by the Dems.
  • Warnock was confirmed, but we are still awaiting on Ossoff.
  • GBP extended further losses, on the back of an MNI BoE exclusive on negative rates.
  • Although, as you would have expected the notable move was in the Rate Short Sterling strip.
  • FX and market have since faded some of the initial moves, and Cable trades at 1.3582 at the time of typing.
  • On the margin USD is still mixed against all G10, up 0.55% versus the JPY and down 0.57% versus the MOK.
  • Looking ahead, FOMC minute will be the highlight for today.
  • Some attention on the US Electoral vote count, which could be interesting
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