MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

NBH Data Watch

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Iron Ore Weakness Spills Over Into AUD

FOREX

AUD retreated alongside iron ore futures, leading commodity-tied FX space lower, amid continued worry surrounding China's plans to reign in the recent surge in commodity prices. A beat in Australia's flash retail sales & the best M'fing PMI print on record failed to provide any support to the Aussie dollar. Commodity currencies have been the worst G10 performers this week.

  • The PBOC set its central USD/CNY mid-point at CNY6.4300, 13 pips above sell-side estimates. Nonetheless, USD/CNH stuck to a tight range and last trades virtually unchanged.
  • The greenback stabilised after yesterday's slide and the DXY wavered within a narrow range around Thursday's close.
  • Global flash PMI readings, UK & Canadian retail sales, U.S. existing home sales & EZ consumer confidence take focus from here. Speeches are due from Fed's Kaplan, Bostic, Barkin & Daly, ECB's Lagarde, BoE's Haused & Riksbank's Jansson.
Energy BulletsCommodities
Energy BulletsCommodities

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.