MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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

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

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

Lags DXY Weakness, Xi & Putin Speaking Today

CNH

CNH underperformed the weaker USD tone seen against the majors. USD/CNH fell 0.33% through Thursday's session, versus a ~0.50% decline in the DXY. The pair couldn't break back below 6.9700. We currently track around the 6.9730 level. The CNY NEER still managed to edge higher, rising 0.15% to 125.25 (J.P. Morgan Index).

  • Late yesterday China health officials stated the current covid wave is peaking in several cities including Beijing, although is still trending higher in other major districts. They also warned of fresh surges around the China new year period.
  • Officials also vowed that fiscal policy will be appropriate to boost economic growth next year. The fiscal deficit and special bond issuance will be optimized, as government investment aids both private sector investment and consumption.
  • China President Xi and Russia President Putin will also speak today via video conference to discuss bilateral ties between the two countries.
  • The local data calendar just has final current account figures for Q3 today, although official PMIs for December print tomorrow, with market estimates looking for further weakness in both manufacturing (47.8 forecast, 48.0 prior) and non-manufacturing (45.0 forecast 46.7 prior).
EM BulletFixed Income BulletsHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.