MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1315 Fri; -1.12% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1339

MNI BRIEF: Fed's Musalem: Interest Rates Likely To Be 3.5%-4% Over Long Run

FED’S DALY: POLICY ADJUSTMENTS LIKELY WARRANTED AT SOME POINT

Asia Sovs Track US Yields Lower, BI Rate Decision Next Week

CHINA JUN EXPORTS +8.6% Y/Y VS MEDIAN +8.0% Y/Y: CUSTOMS

MNI: CHINA H1 EXPORTS +6.9% Y/Y IN YUAN TERM: CUSTOMS

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

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

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Light Risk-On Flows Amid A Search For Fresh Catalysts

FOREX

Light risk-on flows emerged in G10 FX space equity benchmarks in Japan and Australia have inched higher, while e-minis have oscillated around unchanged levels. A lack of notable headline flow has kept G10 crosses in tight ranges. The greenback marginally underperforms in the space, with the DXY extending yesterday's losses.

  • A combination of yesterday's USD weakness and the dollar's further losses in the Asia morning pushed USD/KRW to its worst levels since January.
  • The Asia-Pac docket is very light today, focus turns to U.S. current account balance and flash U. of Mich. Survey, UK and Canadian retail sales and comments from ECB's de Cos, de Guindos and Schnabel as well as Fed's Bullard, Bostic and Kashkari.
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