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: GERMANY IMPORT PRICE INDEX -0.4 % Y/Y, 0.0% M/M

MNI: SWEDEN MAY RETAIL SALES +0.8% Y/Y

MNI: UK Q1 GDP +0.7% Q/Q, +0.3% Y/Y

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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Oil Slide Weighs Further On Already Lagging CAD

CANADA
  • The slide in WTI, now down more than 4% intraday, weighs further on CAD having already been under pressure the day after modestly outperforming with the BoC’s hike and with a further hit from continued extensive wildfires.
  • * USDCAD lifts 20pips to ~1.338 and CAD is now bottom of the G10 FX pack.
  • The pair remains below yesterday's pre-BoC levels though and resistance is not seen until 1.3492 (20-day EMA).
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