MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NBP in Focus Ahead of Busy Week for EM Data

CROSS ASSET
  • AUD sits comfortably at the top of the G10 FX pile following the RBA’s somewhat unexpected 25bps rate hike and accompanying hawkish policy statement. NZD sits firmer also as AUD strength spills over. EUR/USD pared overnight gains and now trades marginally in the red after the latest ECB survey showed that Eurozone consumer inflation expectations for the next 12 months fell to 4.1% in April from 5.0% in March.
  • Though EUR/USD trades softer, ING analysts note that a stronger EUR will likely support CEE FX today, with CZK in particular seen outperforming having already demonstrated the highest beta against EUR/USD within the region in recent weeks. USD/TRY continues to post fresh highs, with the pair targeting the 22.00 handle next.
  • The NBP rate decision is the key risk event in EM today (Exp: Unchanged) with Governor Adam Glapinski holding his usual press conference tomorrow. CPI data for Hungary, Russia, Mexico, Colombia and Chile as well as the CBR and Peru rate decisions take focus later in the week.
  • There is a thin data calendar in Europe today, with Fedspeak from Cleveland Fed President Mester crossing further out.
EM BulletFixed Income BulletsHomepageCommoditiesEquitiesBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletFixed Income BulletsHomepageCommoditiesEquitiesBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.