MNI: PBOC Net Injects CNY165 Billion via OMOs Friday

CHINA SETS YUAN CENTRAL PARITY AT 6.9052 FRI VS 6.9149

Coming up in the Asia-Pac session on Friday

CORRECT: $11.9B TAKEUP FROM BANK TERM LENDING FACILITY IN 3 DAYS

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

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Friday’s Sovereign Rating Slate

GILT TECHS

(M3) Key Support Lies At The 20-Day EMA

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UK Timeline of Key Events (Times GMT)

EURGBP TECHS

Key Support Remains Exposed

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Eurozone Timeline of Key Events (Times GMT)

GBPUSD TECHS

Watching Resistance At 1.2204

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Ringgit Loses Ground Ahead Of CPI Report

MYR

Spot USD/MYR resumes gains this morning after palm oil weakened on Thursday, while the greenback is catching a fresh bid. The pair last deals +55 pips at MYR4.7332 after lodging new 24-year highs just above there. Bulls set their sights on the all-time high of MYR4.8850. Conversely, bears look for losses towards Oct 6 low of MYR4.6270.

  • Palm oil futures snapped their four-day winning streak, with weakness extending into after-hours trade. The contract fluctuated through the day as participants continued to assess the impact of the flooding season for tropical oil output and the near-term demand outlook. High-frequency data pointed to a marginal change in Malaysia's palm oil exports for the first 20 days of the month, with AmSpec flagging a 3.3% M/M increase & Intertek reporting a 4.31% M/M decline.
  • The Department of Statistics will publish September CPI figures today. Headline inflation may have eased to +4.6% Y/Y from +4.7% registered in August. Eyes will be on core CPI growth after it quickened to seven-year highs.
  • Reminder that the date of the next general election has been set for November 19.
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