MNI China Daily Summary: Friday, August 2

MNI China Press Digest Aug 2: Hukou, Property, State Grid

MNI: PBOC Sets Yuan Parity Higher At 7.1376 Fri; -0.90% Y/Y

CHINA PBOC CONDUCTS CNY1.17 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1376 FRI VS 7.1323

MNI CNB WATCH: Cut Pace Slows To 25Bps, Price Pressures Remain

MNI: ITALY JUN INDUSTRIAL PRODUCTION +0.5% M/M ; -2.6% WDA Y/Y

Detailed Swiss July Data Suggests Lower Services Price Pressure

Industrial Production Rebounds Less Than Expected in June

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

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Treading Water EURGBP...........>

EURO-STERLING TECHS
EURO-STERLING TECHS: Treading Water
EURGBP struggles to gain traction with rallies above 0.8925/30 sold. Failure to
convincingly break below the 0.89 level suggests bulls still eye a return to the
0.90 mark, despite the recent rally running low on steam. 0.8880 remains the
near-term support area and a break below here would change the picture. A close
below 0.8855 would cement any bearish outlook before any challenge on the
200-dma at 0.8824. Bulls need to reclaim the 0.9000 level to regain control and
test the 0.9031/33 area. Above here targets the 2% volatility band at 0.9117.
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