MNI: PBOC Drains Net CNY7 Bln Via OMO Weds; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0930 Weds; -3.82% Y/Y

CHINA PBOC INJECTS CNY3 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.0930 WEDS VS 7.0963

MNI BRIEF: Brazil Inflation A Sliver Higher Than Consensus

MNI China Daily Summary: Tuesday, March 12

Bond Supply Calendar: UK Synd W/C 11-Mar; IT, DE, PT Due Wednes

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI: US FEB TREASURY BUDGET -296.3B

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Snapshot: Weakness Prevailing, AMLO Comments Spark MXN Retreat

LATAM FX
  • LATAM FX Snapshot: Weakness prevailing as stocks edge lower and EMFX indices retreat. Most recent rhetoric from Mexican president AMLO on his intentions to strengthen state-owned electricity company CFE, prompting some Peso weakness.
  • USDMXN broke last Friday's high back above 20.00 and has been consistently supported since the comments. The majority of regional currencies following suit with potential weak EMFX longs getting trimmed as we approach tomorrow's Fed. The weaker commodity complex adding to Latam FX headwinds.
    • USDMXN up 0.69% at 20.1024
    • USDBRL up 0.79% at 5.102
    • USDCLP up 0.6% at 722.62
    • USDCOP up 2.3% at 3687.13
    • USDPEN up 0.8% at 3.9269
    • Bbg Dollar Index up 0.13% at 1124.4
    • JPMorgan EM Ccy Index down 0.35% at 57.82
    • Bbg Commodity Index down 0.5729 points (-0.61%) at 93.7244
    • Copper Futures down 17.75 (-3.92%) at 435.00
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