MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

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

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

US EIA: CRUDE OIL STOCKS EX SPR +2.74M TO 460.0M APR 12 WK

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

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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Markets Backtrack Thursday Moves, Putting JPY on Backfoot

FOREX
  • After the sharp mid-week recovery off the post-BoJ decision lows, JPY is the weakest currency across G10 Friday, helping USD/JPY re-top Y129.50. This tips the pair above the 50% retracement of the post-BoJ range, leaving Y130.05 as the next upside level.
  • AUD, NZD are also bouncing, among the best performers in G10 after sliding throughout Thursday hours. AUD/USD trades in close proximity to a sizeable option expiry rolling off at today's cut: A$3.8bln rolling off at $0.6900.
  • EUR/CHF saw a flurry of buying interest alongside the European open, putting the cross closer to parity and narrowing the gap with the Monday highs at 1.0054. SNB's Jordan spoke for a second consecutive day at the WEF in Davos, but provided few new details on policy.
  • Canadian retail sales and US existing home sales are the data highlights Friday, with the speaker highlights including Fed's Hawker and Waller - both of which are voters on the FOMC this year.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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