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

Australia Jun Total Dwelling Approved -6.5%

MNI: AUSTRALIA MAY BUILDING APPROVALS -6.5% M/M, -3.7% Y/Y

MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

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

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Light Risk-Off Flows Seen As Trump's Aide Contracts Coronavirus

FOREX

A light round of risk-off flows emerged as BBG ran headlines noting that one of U.S. Pres Trump's aides, who travelled with him aboard Air Force One to and from the recent debate with Joe Biden, tested positive for Covid-19. The information came from unidentified BBG sources, who said that "there was no indication that the president has contracted the virus".

  • USD & JPY firmed up a tad as a result, while the Antipodeans faced some fresh pressure. All in all, price action across G10 FX space has been relatively limited.
  • Liquidity is thinned owing to market holidays in China, Hong Kong, South Korea, Taiwan and India.
  • The main data release today is U.S. NFP report, with factory orders, final durable goods orders and final U. of Mich. Survey also due out of the U.S. Elsewhere, Eurostat will publish EZ CPI data. Central bank speaker slate features Fed's Harker & Kashkari, Riksbank's Ohlsson and ECB's de Guindos & de Cos.
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