CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Headline CPI Cools, Core Unchanged. Industrial Production On Tap

SGD

The SGD NEER (per Goldman Sachs estimates) eased yesterday as we continue to tick away from cycle highs. We currently sit ~0.5% below the top of the band.

  • Yesterday's Feb CPI print saw Headline CPI cool from 6.6% to 6.3% which was a touch below the estimated 6.4%. Core CPI remained steady at 5.5%, which was below the expected 5.8%.
  • The print adds to the case for MAS to continue tightening policy at the April meeting as both measures remain above the inflation band.
  • USD/SGD extended losses in the aftermath of the print, the pair printing its lowest level since 10 Feb. Losses have been marginally pared this morning and USD/SGD sits at 1.3270/80.
  • The next downside target is the 2023 low at $1.3032. Bulls target the monthly high at $1.3576.
  • Industrial Production is on tap today. M/M measure is expected at 1.1% and the Y/Y figure at -1.8%.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.