MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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

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US Urges Turkey to Ratify Nordic NATO Membership Bids

TURKEY
  • Bloomberg report that US National Security Adviser Jake Sullivan urged Turkey to ratify membership of Sweden and Finland into NATO, speaking ahead of talks with his Turkish counterpart in Washington on Tuesday. The two men “will have the chance to talk about this issue as well as 127 other issues that are relevant to the US-Turkey relationship,” Sullivan said.
  • Ekonomi report that FDI to Turkey has decelerated, while the upward trend in investments abroad continues. The ratio of outgoing investments/incoming investments climbed to 62% in 2022 from 5%-10% in the first 10 years of the 2000s.
  • Turkish, Russian, Iranian, and Syrian deputy foreign ministers will meet in Russia’s capital Moscow on March 15-16 for talks on Syria, according to diplomatic sources cited by Hurriyet. In December last year, the Turkish, Russian, and Syrian defense ministers met in Moscow as part of the normalization process between Ankara and Damascus and discussed counterterrorism efforts in Syria. The three parties agreed to continue the tripartite meetings to ensure stability in Syria and the wider region.
  • There are no major economic releases or speaker events scheduled today.
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