MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI China Daily Summary: Wednesday, April 3

MNI BRIEF: Japan Q4 Output Gap Posts Positive Figure - BOJ

MNI: PBOC Drains Net CNY248 Bln Via OMO Weds; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0949 Weds; -4.77% Y/Y

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

Pickup In Core Momentum Clouded By Easter Effect

Services HICP At 4.0% Y/Y For 5th Consecutive Month

MNI: EUROZONE FEB UNEMPLOYMENT RATE 6.5%

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Kiwi Struggles For Clear Direction

NZD

NZD/USD traded sideways on Tuesday as domestic headline flow in New Zealand failed to provide any notable catalysts.

  • It was a day of two halves for the greenback, with the BBDXY clawing back initial losses into the NY session. Participants eyed U.S. CPI data, due for release on Wednesday.
  • From a cross-asset perspective, equity sentiment was weaker, while the VIX index edged higher. On the other hand, the aggregate Bloomberg Commodity Index firmed.
  • The rate last sits at $0.6288, virtually unchanged on the day. A break above Aug 1 high of $0.6353 would allow bulls to take aim at Jun 16 high of $0.6396. On the flipside, initial firm support is provided by $0.6061, the low print of Jul 14.
  • BusinessNZ M'fing PMI & RBNZ household inflation expectations will both be published on Friday.
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