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China Should Act Early To Avoid Balance Sheet Recession


Away From Best Levels


CNY Fixing - Slightly Firmer Bias

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  • PEN was the notable underperformer yesterday with USDPEN rising to 3.84 as the June 6th Presidential run-off looms. The pair continues to fill the gap from Thursday's close around 3.85.
  • Peru, which was already one of the world's hardest-hit countries during the pandemic, updated its official death toll from Covid-19 on Monday, adding more than 110,000 fatalities than previously reported, almost tripling previous estimates.
  • Peru's presidential candidates faced off on Sunday in the second and final debate ahead of the Sunday run-off.
    • While the right-wing Keiko Fujimori launched a range of public spending proposals, her leftist rival, Pedro Castillo, tried to convince voters of his integrity and humble beginnings.

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