MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1159 Weds; -1.39% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1159 WEDS VS 7.1148

MNI China Daily Summary: Tuesday, June 18

MNI: PBOC Net Injects CNY84 Bln Via OMO Tues; Rates Unchanged

Japan May Exports +13.5% Y/Y; Imports +9.5% Y/Y

MNI BRIEF: Japan May Exports Rise On Automobiles, Auto Parts

MNI: JAPAN MAY EXPORTS +13.5% Y/Y; APRIL +8.3%

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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MNI CHINA MARKETS: Yuan Stronger; Rates Lower; SH Shares Up 

     BEIJING (MNI) - The Chinese yuan climbed to 6.3387 against the U.S. dollar
on Friday from yesterday's 6.3605 closing, following today's stronger fixing.  
     PBOC set the yuan central parity rate vs the U.S. dollar at 6.3482 on
Friday, stronger than Thursday's 6.3530.
  ***COMMENT: The market expects the yuan to maintain stability and to fluctuate
both ways this year, based on recent signals from the government. It also
expects China to be more confident about reducing intervention in the foreign
exchange market. However, rebound of the dollar is placing headwinds on the
yuan, especially when the U.S. economy shows strong growth momentum.  
     Interbank market rates dipped after PBOC net injected CNY230 billion via
open-market operation.
  - 7-day repo average last at 2.8239%, lower than 2.8897% yesterday 
  - Overnight repo average 2.5645%, down from 2.6066% yesterday.  
     Yield on 10-year China government bonds last traded 3.9375%.  
The Shanghai Composite Index rose 0.2% to 3275.01 at 11:10 a.m., while Hong
Kong's Hang Seng Index was last at 31,261.00, up 0.95.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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