MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 FRI VS 7.1228

MNI: PBOC Sets Yuan Parity Lower At 7.1228 Thurs; +2.24% Y/Y

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

Firmer Than Expected Inflation Expectations And Softer Growth

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

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The latest trade comments from Chinese........>

FOREX
FOREX: The latest trade comments from Chinese President Xi put a modest bid into
AUD, NZD & CNH, but the Antipodeans have pared some of their gains since. Xi
called for a quick conclusion to the text of a bilateral trade accord with the
U.S. and noted substantial progress in talks with Washington.
- Risk-on flows inspired by Xi's comments knocked JPY on the head, pushing it to
the bottom of the G10 pile. Muted to no reaction was noted upon the release of
Japanese labour cash earnings and household spending, with both measures
undershooting forecasts.
- Worth highlighting G10 crosses have stuck to tight ranges in the early part of
today's Asia-Pac session.
- Focus today turns to U.S. non-farm payrolls, German & Norwegian industrial
outputs, as well as unemployment data from Canada, while Atlanta Fed Pres Bostic
is set to speak. China & Hong Kong are off for national holidays today.
Energy BulletsCommodities
Energy BulletsCommodities

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