MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1196 FRI VS 7.1192

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

Japan May Core CPI +2.5% Y/Y; Energy Price Surges

MNI BRIEF: Japan May Core CPI Rises 2.5% Vs. April +2.2%

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Singapore To Choose "Middle Path" In Managing Covid-19

SGD

Spot USD/SGD trades at SGD1.3506, marginally lower on the day. Further losses past Jul 6 low of SGD1.3425 would give bears a green light for targeting Jun 25 low of SGD1.3397. Bulls need a break above last Friday's high of SGD1.3555 to get some fresh momentum.

  • Singapore's Health Min Ong shed some light on the city-state's plans for managing its Covid-19 outbreak going forward. Ong noted that Singapore will take a "more middle path" than the likes of the UK or US, i.e. it will "open up progressively, package by package, nothing big bang, and each step of the way, make sure we keep the population safe."
  • Australia's Trade Min Tehan told the Sydney Morning Herald that plans for an Australian-Singapore travel bubble have been delayed until at least the end of 2021, owing to the latest outbreak of Covid-19 in Sydney.
  • Singapore will release advance Q2 GDP date this Wednesday, before focus turns to non-oil domestic exports, due Friday.
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