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

1 and 3-Year Consumer Inflation Expectations Edge Down Slightly

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

CORRECTION: France Flash HICP In-Line

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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Ramaphosa Looks to Put Internal Dissention into Rearview Mirror

SOUTH AFRICA
  • Speaking after the adjournment of the party conference, President Ramaphosa reaffirmed the ANC’s intentions to unite and renew itself. He also issued a thinly veiled broadside at his internal opposition, stating that branches have made their choice, and “all of us are expected to fall in line”.
  • ZAR continues to hold the bulk of the strength seen post-conference vote, and has recently retraced a portion of the Nov 30 - Dec 1 bounce. Key support lies at 16.8980, the Nov 30 low.
  • A break of this level is required to reinstate the recent bearish theme. A firm resistance is seen at 17.9384, the 61.8% retracement of the downleg between Oct 13 - Nov 30. This level was pierced on Dec 1, a clear break of it would expose 18.5815, the Oct 13 high.
  • Break-even rates similarly hold close to recent lows, crossing at 6.23% in early Wednesday trade. Any move below November’s 6.13% would be the lowest since February.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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