MNI BRIEF: Policy Move Eyed If Inflation Meets 2% - BOJ's Ueda

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1059 TUES VS 7.1043

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Peso Ticks Higher, BSP Meeting On Tap This Week

PHP

Spot USD/PHP deals -0.057 at PHP52.400 amid improvement in broader risk sentiment. Bears eye the 50-DMA, which intersects at PHP52.141, for initial support. Conversely, topside focus falls on familiar key resistance from PHP52.500.

  • USD/PHP 1-month NDF unch. at PHP52.630. Bears see the 50-DMA at PHP52.384 as their initial target, bulls look to a swing past May 9 high of PHP53.250.
  • The Philippines raised the minimum daily wage in Metro Manila by PHP33 to protect low earners against rising costs of living. Labour Sec Bello said hearings on similar petitions in other regions are currently being conducted.
  • Calls for a rate hike from Bangko Sentral ng Pilipinas this week are growing louder after the release of expectation-beating GDP data last week and amid mounting price pressures. Governor Diokno will announce the rate decision on Thursday.
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