MNI BRIEF: China June CPI Hits Three Month Low

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CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

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MNI: NORWAY JUN CORE CPI +0.2% M/M, +3.4% Y/Y

MNI: NORWAY JUN CPI +0.2% M/M, +2.6% 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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Price action among the G10 currencies was.....>

FOREX
FOREX: Price action among the G10 currencies was rather contained with major
pairs sticking to fairly tight ranges overnight. 
- Sterling has modestly underperformed as worries re: the future of the Brexit
deal & PM May's gov't continued to pile up & weigh on GBP. 
- Meanwhile, the yen outperformed into the Tokyo lunch break before losing steam
thereafter as risk appetite slightly reinvigorated with the Nikkei 225 0.8%
higher on the day at writing. 
- The Antipodeans remain sensitive to the news flow re: U.S.-China trade war, as
their spikes lower against USD late Monday were coincident with WSJ quoted U.S.
President Trump saying he is "highly unlikely" to hold off on the 25% tariffs on
China. Meanwhile, AUD/NZD jumped ~20 pips on the release of NZ trade balance
figures indicating NZ trade deficit shrinked, albeit significantly less than
exp. AUD/NZD last sits at NZ$1.0678. 
- Focus today falls on Italy's m'fing & cons. confidence figures. Elsewhere,
Fed's Clarida, Bostic, Evans and George, as well as ECB's Nouy, Costa & Mersch
are due to speak later today.
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