MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: FRANCE Q2 FLASH GDP +0.3% Q/Q, +1.1% Y/Y

MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

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

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Koruna Extends Post-CNB Gains, PLN/CZK Falters

CZK

EUR/CZK has lost altitude and last trades -0.080 at CZK23.434, with broader EUR weakness post-ECB monetary policy decision likely facilitating the move, despite the absence of a clear knee-jerk reaction. The pair has moved firmly through yesterday's low (CZK23.472) as bears set their sights on Apr 14 cyclical low of CZK23.207.

  • PLN/CZK resumed losses after a bearish inside day and last deals -135 pips at CZK5.1099, with the former double-bottom pattern tentatively invalidated. Sales towards Apr 11 low of CZK4.9724 would please bears as the RSI has pulled back sharply from overbought territory.
  • Yesterday's upward shift in the Czech FRA curve has been partly unwound as today's session has seen corrective pullbacks, particularly further out the curve.
  • Our CNB review including a summary of sell-side views and all necessary links can be accessed here.
  • On the data front, the focus turns to Czechia's retail sales, due tomorrow.
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