MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

NBH Data Watch

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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The Dollar remains mixed in G10

FOREX
  • A mixed start for FX and across assets, with USD up against JPY, NOK, EUR and CHF, down versus NZD, CAD, AUD, GBP and SEK.
  • There's been no spillovers onto the USD from the Risk tilted to the upside this morning.
  • European Equities are leading the US higher, but moves have been limited in very low volumes.
  • AUD tested a new session high against the USD and the EUR.AUDUSD saw yesterday's high at 0.7073 holding so far, printed 0.7074 high.
  • Yesterday's low in EURAUD comes at 1.4950, but better would be seen towards 1.48882.
  • AUDNZD has pared most of yesterday afternoon bounce and now target 1.0982, the 12th May low and the lowest level since the 3rd May.
  • USDCAD is down 0.33%, still well within range, trading at 1.2780 at the time of typing, but note that further push lower will highlight the large option expiry at 1.2730, with 2.63bn.
  • Looking ahead, the only notable data for the session will be the EU Consumer Confidence.
  • Speakers, sees ECB de Cos and Centeno, and on the other side of the pond Fed Bullard interview on Fox.
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