MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: RBNZ LEAVES OCR AT 5.5%

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

Headline CPI Ticks Down To 0.2% Y/Y, PPI In Line

CHINA JUNE FOOD PRICES -2.1% Y/Y VS -2.0% Y/Y MAY

CHINA JUNE CPI +0.2% Y/Y VS MEDIAN +0.4%; MAY +0.3% Y/Y: NBS

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

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

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The latest RBNZ MonPol decision has knocked...>

FOREX
FOREX: The latest RBNZ MonPol decision has knocked NZD on the head, dragging it
to the very bottom of the G10 pile. The RBNZ maintained its OCR unchanged at
1.75%, but altered its policy guidance and now expects the next rate move to be
down. It also noted that "the balance of risks to this outlook has shifted to
the downside," amidst soft domestic biz. Sentiment and deteriorating global
environment.
- NZD post-RBNZ weakness has spilled over into AUD to some degree. RBA's Kent
spoke earlier today, but offered nothing new re: MonPol/economic outlook.
- JPY has been buoyed from off, as the Nikkei 225 has registered losses on the
back of Topix going ex-dividend today. Yen demand observed around the Tokyo fix
has added some further weight to JPY crosses.
- Focus today turns to U.S. trade balance, Swedish econ tendency survey &
Norwegian AKU unemployment. Elsewhere, Riksbank's Ingves, Fed's George, as well
as a fair number of ECB members, including President Draghi, are due to speak.
Energy BulletsCommodities
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