MNI China Daily Summary: Tuesday, Aug 27

MNI BRIEF: Japan's July Trimmed Mean Rises 1.8% Vs. 2.1% - BOJ

MNI: PBOC Net Injects CNY323.4 Bln via OMO Tuesday

MNI BRIEF: China Urges Canada To Drop Additional EV Tariffs

MNI BRIEF: China Industrial Profits Expanded Further In July

MNI: PBOC Sets Yuan Parity Higher At 7.1249 Tues; +2.38% Y/Y

MNI: UK CBI AUG DIST TRADE REPORTED SALES -27

EZ/UK Bond Supply Calendar: EFSF Syndication, IT, DE Tuesday

GERMANY FINAL Q2 GDP SA -0.1% Q/Q, WDA 0.0% Y/Y

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

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

NZD/USD sank to fresh intraday lows over.......>

KIWI
KIWI: NZD/USD sank to fresh intraday lows over yesterday's WMR fix, with a
firmer than exp. post-holiday PBoC fix stabilising the rate earlier in the day.
The cross was pressured by safe haven demand, which has carried over into early
Asia-Pac trade. Yesterday's lows have already given way as U.S. equity index
futures turned red. NZD/USD sits -11 pips at $0.5997 as we type.
- A break below the nearby Apr 28 low of $0.5992 would expose $0.5911, the low
of Apr 23. Bulls see Apr 30 high of $0.6176 as their initial target and need a
rally above there to pick up some momentum.
- We are awaiting some comments from N gov't officials. FinMin robertson will
start his pre-budget address at the top of the hour. An hour later, PM Ardern
will deliver her daily presser, during which she is expected to unveil
coronavirus alert 2 rules (the country is now at level 3).
- New Zealand's Q2 inflation expectations headline the local docket today. Worth
watching China's trade balance & Caixin Services/Composite PMIs as well.
MarketsForeign Exchange Bullets
MarketsForeign 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.