MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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NZD/USD last trades at $0.6655, 16 pips........>

KIWI
KIWI: NZD/USD last trades at $0.6655, 16 pips higher on the day, after the
latest monetary policy from the RBNZ eventually put a bid into the kiwi, with
the OCR left unchanged for now.
- That being said, the rate's initial reaction to the decision was a nosedive,
which allowed to probe the water below $0.6600, as the RBNZ noted that "a lower
OCR may be needed over time" given downside risks, while minutes revealed that
members discussed possible merits of a rate cut. However, NZD/USD bounced due to
the lack of a firm commitment to a rate cut at the next (August) meeting.
- Gains were capped by the subsequent front-loading of the RBNZ easing forecast
by the ANZ, while technical resistance was provided by Tuesday's peak & the
38.2% fibo retracement of the slide from $0.6939 to the YtD low.
- Bullish focus remains on the aforementioned figures, ahead of the Jun 7 high
of $0.6682. Bears look for a pullback through the uptrend support at $0.6617.
- RBNZ Dep Gov Bascand's speech was devoted to fin stability matters. Bascand
stressed that the RBNZ will intensify its scrutiny of financial institutions.
- ANZ biz. and cons. conf surveys are due on Thursday and Friday respectively.
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