MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Local Exchanges Closed For Independence Day Holiday

MEXICO
  • Late pressure on major equity indices on Thursday and a continued grind lower overnight has elevated the USDMXN rate towards 20.10, however the pair remains comfortably within the most recent 19.75/20.30 range.
  • Tuesday’s bounce highlights the fact that this week's attempted break of support at 19.8126, the Aug 15 low, has failed. A continuation higher would further undermine a recent bearish threat and expose resistance at 20.2944, the Sep 1 high.
  • On the downside, a break of Monday’s low of 19.7533, the Sep 12 low, would reinstate a bearish theme.
    • Retail Sales and Bi-Weekly CPI data is due for Mexico next week.
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