MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

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

BoE Data Watch

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

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Rupiah Slips In Muted Trade

IDR

Spot USD/IDR trades +11 figs at IDR14,372 with bulls looking to a clearance of Mar 24 high of IDR14,380 before setting their sights on IDR14,415/15,420, which capped gains on Mar 7/Jan 31. Bears look for a sell-off past Apr 5 low of IDR14,338 towards Mar 30 low of IDR14,325.

  • USD/IDR 1-month NDF last seen +10 figs at IDR14,396. Bulls look for a rally above Mar 8 high of IDR14,480, while bears see Mar 30 low of IDR14,329 as their initial target.
  • President Joko Widodo brushed away speculation that he might try to delay the next election and extend his term in office and vowed to hold the presidential poll as scheduled in 2024.
  • Indonesia's official consumer confidence gauge fell to 111.0 in March from 113.1 prior, according to data released Friday, with the results of Danareksa Research's survey expected in the coming days.
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