MNI BRIEF: China May CPI Flat At 0.3% Y/Y

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CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1133 WEDS VS 7.1135

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CPI Pressures Remain Benign, PPI Aided By Higher Commodities, Base Effects

CHINA MAY FOOD PRICES -2.0% Y/Y VS -2.7% Y/Y APR

CHINA MAY CPI +0.3% Y/Y VS MEDIAN +0.4%; APR +0.3% Y/Y: NBS

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Shekel Outperforms, Adding More Than 1% Vs Greenback

ILS

The shekel has turned bid and outperforms all its EMEA peers by comfortable margins, with spot USD/ILS down more than 1.2% on the day. To the best of our knowledge, there has been little in the way of major domestic headlines crossing the wires this morning, while the local economic docket is virtually empty.

  • Spot USD/ILS trades -396 pips at ILS3.7021 and is approaching support from May 30 low of ILS3.6957. A break here would give bears a green light for taking aim at the 50-DMA, which kicks in at ILS3.6564. Conversely, a rebound above Jun 2 high of ILS3.7551 would confirm that the broader uptrend remains intact.
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