MNI China Daily Summary: Wednesday, Sept 11

MNI BRIEF: Cautious Policy Adjustments Eyed - BOJ's Nakagawa

MNI: PBOC Net Injects CNY209.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1182 Weds; +2.35% Y/Y

CHINA PBOC CONDUCTS CNY210 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1182 WEDS VS 7.1136

MNI: US AUG CPI UNROUNDED M/M 0.187%, CORE 0.281%

MNI: US AUG CPI 0.2%, CORE 0.3%; CPI Y/Y 2.5%, CORE Y/Y 3.2%

US MBA: REFIS +1% SA; PURCH INDEX +2% SA THRU SEP 6 WK

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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

LATAM: Summary – September 11

LATAM
EM BulletBulletGlobalEmerging Market NewsRegion
  • Brazil services volume is due on Wednesday, alongside Mexico industrial production, both for July, while in Argentina August CPI inflation will cross. The latest survey data show that monthly inflation is expected to remain around 4.0% m/m.
  • USD - Elsewhere, focus will be on US CPI data. where consensus sees core CPI at 0.2% m/m in August after a slightly softer than expected 0.165% m/m in July. Ahead of the data, the greenback is underperforming the broader G10 basket, although adjustments across other major pairs remain contained.
  • JPY - Despite USDJPY extending its recovery off the lows to roughly 100 pips, the pair remains 0.6% lower on the session amid the extended decline for core yields on Wednesday. Adding to the most recent theme of yen strength, BoJ board member Junko Nakagawa reiterated overnight that the BoJ will adjust the degree of easy policy if the economy realises the bank’s forecast for the economy and prices as real interest rates remain at considerably low levels.
163 words

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.
  • Brazil services volume is due on Wednesday, alongside Mexico industrial production, both for July, while in Argentina August CPI inflation will cross. The latest survey data show that monthly inflation is expected to remain around 4.0% m/m.
  • USD - Elsewhere, focus will be on US CPI data. where consensus sees core CPI at 0.2% m/m in August after a slightly softer than expected 0.165% m/m in July. Ahead of the data, the greenback is underperforming the broader G10 basket, although adjustments across other major pairs remain contained.
  • JPY - Despite USDJPY extending its recovery off the lows to roughly 100 pips, the pair remains 0.6% lower on the session amid the extended decline for core yields on Wednesday. Adding to the most recent theme of yen strength, BoJ board member Junko Nakagawa reiterated overnight that the BoJ will adjust the degree of easy policy if the economy realises the bank’s forecast for the economy and prices as real interest rates remain at considerably low levels.