MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1285 Thurs; -1.29% Y/Y

CHINA PBOC CONDUCTS CNY49 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1285 THU VS 7.1318

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

Australia Jun Unemployment Rate 4.0%

Japan Jun Exports +5.4% Y/Y; Imports +3.2% Y/Y

MNI:AUSTRALIA JUN UNEMPLOYMENT RATE +4.1%

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

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Sentiment Remains Sour Amid Afghan Tension

FOREX

A mild sense of caution has continued to linger in early Asia-Pac trade, with regional players digesting headline flow surrounding the deadly attacks outside Kabul airport and U.S. President Biden's pledge to retaliate. Meanwhile, participants are preparing for the much awaited annual gathering of Fed members.

  • JPY leads gains in G10 FX space at typing. The yen has shown no material reaction to marginally mixed Tokyo CPI data.
  • The Antipodeans underperform, with national Cabinets in both Australia and New Zealand set to discuss local Covid-19 outbreaks. Australian Cabinet meeting will debate vaccinating children, while NZ PM Ardern will announce the results of alert level review.
  • The virtual Jackson Hole symposium takes centre stage today, with the address from Fed Chair Powell set to provide most interest. Elsewhere, U.S. personal income/spending & final University of Michigan Survey, Swedish GDP & retail sales are due.
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