MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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Moderately Pressured After Latest Round Of US Data

NZD

NZD/USD prints at $0.6230/35, the pair fell ~0.2% yesterday.

  • Kiwi observed a narrow range versus the USD on Tuesday, the 200-Day EMA capped rallies in the European session.
  • The latest round of US data saw the greenback firm as Industrial Production and NAHB Housing Market Index were firmer than expected. NZD/USD was moderately pressured, retreating from session highs, with support coming in below $0.6230.
  • Bulls immediate attention is on the 200-Day EMA ($0.6263) ; a break through here opens the high from May 11 at $0.6385. Bears target low from 26 April at $0.6112.
  • AUD/NZD was pressured yesterday as Chinas consumer spending and industrial activity were softer than expected. The pair is now below the $1.07 handle have fallen ~0.5% yesterday.
  • At the latest GDT auction Whole Milk Powder average price rose 0.3% to $3244/MT.
  • The domestic data calendar is empty today.
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