MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

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

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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FX SUMMARY- Dollar stays offered

FOREX

USD trade in negative territory in G10, albeit still flat against NZD, AUD and SEK.

  • US yields have drifted lower, providing some better selling interest in the Greenback.
  • It has been a mixed early session for the Pound, initially went bid on the Govie open, but fully reversed during the cash Equity open on Asos falling over 10% on profit warnings, hurting sentiment.
  • The pound has since, once again reversed its price action, with Cable back in the Green on the broader base offered Dollar.
  • Safe haven FX, CHF and JPY are leading against the USD in G10s, up 0.47% and 0.33% respectively.
  • Big selling in the German Dax, dragged Equities lower, following Siemens Gamesa falling some 15% on profit warning.
  • Equities have since recovered some ground.
  • Looking ahead, US, IJC, Phili Fedf and IP are the notable data.
  • Speakers include, ECB Lagarde and Yellen releasing podcast conversation, BoE Saunders, Fed Evans, and Powell this time before Senate,
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