MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Japan March Exports Hit 4th Straight Rise

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI: JAPAN MARCH EXPORTS +7.3% Y/Y; FEB +7.8%

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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TD: 1mn Payroll Gains In July

US OUTLOOK/OPINION

TD sees an above-consensus "surge" in payrolls in July's nonfarms report: +1mn.

  • This is despite a deceleration (pre-seas adj) in the Homebase data, as TD sees both gov't (fewer than usual end of school year layoffs) and private sector jobs higher on a seas adj basis.
  • TD sees the unemployment rate dropping to 5.7% (in line with consensus). They estimate a much higher 8.6% level in unemployment vs the 5.9% seen in June 2021 "after adjusting for a mostly-COVID-related decline in the participation rate and lingering classification issues".
  • They see avg hourly earnings up 0.3% M/M and 3.8% Y/Y.
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