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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Unchanged v USD, AUD/NZD Softer, NZ Tsy Expects Economy To Avoid Recession

NZD

NZD/USD prints at $0.6245/50 the pair is little changed in todays session.

  • Spillover flow from the AUD in leiu of rising headline unemployment saw NZD briefly pressured before paring gains, recent lows remained intact.
  • The pair marginally firmed as the NZ budget was released. The NZ Treasury now expects the economy to avoid recession, with GDP growth of 3.2% in 2022/23. New Zealand also increased its bond issuance program by $20bn over 4 years.
  • AUD/NZD is ~0.3% lower, on the downside bears target a break of the low from Apr 5 at $1.0588.
  • Cross asset wise; e-minis are down ~0.1% and US Treasury Yields are ~2bps lower across the curve.
  • Looking ahead tomorrow Apr Trade Balance crosses, there is now estimate and the prior read was a $1.273bn deficit.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.