MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Peso Creeps Higher Ahead Of This Week's String Of Data Releases

PHP

Spot USD/PHP has slipped and operates -0.105 at PHP51.563, with bears looking for further losses towards Feb 23 low of PHP51.105. Bulls need a bounce above Mar 31 high of PHP52.092 before targeting Mar 22/14 highs of PHP52.471/52.487.

  • USD/PHP 1-month NDF last -0.040 at PHP51.690. Downside focus falls on Feb 23 low of PHP51.110, while bulls keep an eye on Mar 22 high of PHP52.790.
  • Presidential front-runner Ferdinand "Bongbong" Marcos Jr. skipped another debate with his rivals Sunday, which saw candidates pledge to take tougher stance on China if elected to the highest office.
  • Bangko Sentral ng Pilipinas has appointed its chief comptroller Eduardo Bobier as Deputy Governor for Corporate Services.
  • Participants look ahead to the release of CPI (Tuesday), unemployment (Thursday) and trade data (Friday).
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