MNI China Daily Summary: Monday, July 29

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

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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Germany’s Year To Date Russian Crude Imports At 30%

OIL

Germany’s crude imports from Russia accounted for almost 30% in the first eight months of this year, but Russian crude imports decreased to 1.67m t in August, amid higher flows from the US according to the latest BAFA data.

  • Russian crude oil imports in August were at the lowest level since May 2019, while total imports were up 0.6% year on year to 7.07m t.
  • US imports have increased for the sixth consecutive month to 1.16mn t, compared with 1.12mn t a year earlier.
  • Total German crude oil import volumes increased 11.4% year on year for the January-August period to 57.9mn t.
Energy BulletsCommodities
Energy BulletsCommodities

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