MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

CHINA PBOC CONDUCTS CNY267.3 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1334 TUES VS 7.1335

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CBRT Data Watch

NBH Data Watch

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Rand Trims Gains But Remains On Front Foot

ZAR

USD/ZAR ticks away from session lows amid partial recovery in the BBDXY index. The rate changes hands at ZAR18.3548, some 530 pips lower on the day, struggling to test the prior trading day's extremes.

  • Commodity-tied currencies are showing strength today, with the likes of AUD, NZD, CAD, NOK or RUB trading on a firmer footing. The BBG Commodity Index is up ~0.9% but the precious metals subindex sits just ~0.1% higher, with gold operating ~$6.2/oz. above neutral levels.
  • Local-currency bond yields have continued to creep higher. South Africa's 10-year breakeven inflation rate has now climbed to 6.60%.
  • South Africa's Treasury said that the country will likely miss its primary budget surplus target for FY2023 by ZAR8.2bn as revenue collections missed initial estimates.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.