MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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Trump Toys With Stimulus Hopes, USD Softer

FOREX

After being the best performing currency in G10 Tuesday, JPY sits at the bottom of the pile today, falling against all others as markets re-gain some of the lost ground made after Trump pulled the rug from under bipartisan stimulus negotiations. Equities stand on slightly firmer footing after Trump followed up with a request for a piece-by-piece approach to stimulus, with direct check payments, airline support and an extension to PPP all ready to be signed and approved.

Currencies have taken the lead from stocks and the USD index sits slightly weaker., with AUD, CAD and EUR gaining. USD/JPY is the standout cross among DMFX, rising to new October highs and comfortably above Y106 for the first time since mid-September.

The data schedule is light Wednesday, keeping focus on the numerous central bank speakers due. ECB's Lagarde & Villeroy are due to speak as well as Fed's Williams, Kashkari, Bostic, Rosengren and Evans. FOMC minutes from their September decision also cross.

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