MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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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Lower For Third Session

SGD

Singapore dollar is weaker on Monday, USD/SGD building on Friday's gains as the greenback strengthens again. The pair is 22 pips higher at 1.3508, just shy of session highs at 1.3510. Resistance is seen at the 50-DMA 1.3528, while support is seen at 1.3488.

  • SGD is on track to weaken for a third straight session, driven lower by USD strength. 1-week implied volatility in the pair is 0.38% higher at 4.22% as markets look ahead to this week's FOMC rate announcement.
  • The Straits Times Index is slightly lower amid holiday thinned trade. The move lower comes despite reports that Singapore is seeking to set up an SGD 1.5bn fund backed by Temasek in order to bolster the stock market. The fund will invest in high-growth companies and IPO's.
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