MNI: PBOC Drains Net CNY148 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0957 Tues; -4.95% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.0957 TUES VS 7.0938

MNI China Daily Summary: Monday, April 1

MNI BRIEF: Caixin Mar Manufacturing PMI Hits One-Year High

EUROZONE MAR MANUFACTURING PMI 46.1 (FLASH 45.7); FEB 46.5

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 3.1%

MNI: BAVARIA MAR CPI +0.4% M/M, +2.3% Y/Y

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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Thursday was a bearish inside day for........>

AUSSIE
AUSSIE: Thursday was a bearish inside day for AUD/USD. The pair was mildly bid
in Asia-Pac hours as participants grew more optimistic re: potential coronavirus
containment, welcomed China's decision to trim some levies on U.S. goods &
reacted positively to a better than forecast quarterly retail sales print out of
Oz. That said, the rate slipped into the European morning and after a brief
recovery attempt resumed its sell-off. A stronger DXY drove aided the decline.
- RBA Gov Lowe testifies to parliament at typing. His comments have been covered
in earlier bullets. Nothing to move the needle for AUD so far.
- AUD/USD sits at $0.6732, barely changed. A fall below $0.6700 would fix
bearish focus on the multi-month low of $0.6679, printed on Feb 4. Meantime,
bulls look for a break above the Jan 29 high of $0.6777 to clear the way to
(tentative) trendline resistance at $0.6796.
- The RBA will publish its most recent SoMP later today. On the Aussie docket
next week we have housing finance data and monthly NAB Biz. Confidence, due
Tuesday. RBA's Heath & Lowe will speak on Wednesday & Thursday respectively.
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