MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 FRI VS 7.1228

MNI: PBOC Sets Yuan Parity Lower At 7.1228 Thurs; +2.24% Y/Y

MNI: PBOC Net Drains CNY218.4 Bln via OMO Thursday

Japan Jul Core CPI +2.7% Y/Y; Energy Price Up

CPI Close To Expectations, Core-Core Sub 2%Y/Y But Some Resilient Details

MNI: UK AUG GFK CONSUMER CONFIDENCE INDEX -13

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

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Greenback Sharply Lower As Dot Pot Pencils In 3 Cuts Next Year

FOREX
  • Immediate broad pressure on the greenback following the FOMC decision and projections. The dot plot seeing three cuts in 2024 is enough to see USDJPY shed the best part of 90 pips, briefly printing a low of 144.19.
  • The beneficial price action for equities sees AUD among the best performers on the G10 leaderboard, extending gains to over 1% on the session.
  • In similar vein, emerging market currencies are very well supported following the announcement, with the Hungarian Forint extending session highs in recent trade, rising 1.30% against the greenback.
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