MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

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

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

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

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Kiwi Holds Firm In Morning Trade

NZD

NZD/USD has edged higher in morning trade, looking past disappointing official PMIs released out of China over the weekend. Local news flow has offered little of real note.

  • The kiwi defies a warning sign from e-mini futures, which have slipped into the red in Asia, after last week's final Wall Street session saw benchmark indices extend weekly gains.
  • The rate last trades +7 pips at $0.6285 at typing. Bulls look for a break above last Friday's high of $0.6329 before targeting Jun 16 high of $0.6396. On the flip side, bears keep an eye on Jul 14 low of $0.6061.
  • The first instalment of the government's "cost of living" scheme will be paid today to all eligible New Zealand tax residents, including an unknown number of people living overseas.
  • The main point of note in New Zealand this week will be Wednesday's labour force survey.
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