MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

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

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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USD bid is the early story of the day

FOREX
  • Early story in FX, during the morning European session, has been the bid in USD, taking its cue from Risk once again tilted to the downside.
  • The Dollar is up against the majority of the majors, and versus all G10.
  • Even the Kiwi, which was the best performer overnight, post the RNBZ rate hike, is now back a touch in the red (0.09%) against the Greenback.
  • The worst performer is the SEK, down 1.18% versus the USD.
  • Although most pairs still trade within past ranges.
  • EURUSD sees support at 1.0642, now at 1.0666 at the time of typing as initial support.
  • But market participant will have an eye on 1.0647, with 1.4bn worth of Option expiry for today.
  • Looking ahead, US, Prelim Durable goods is the notable data, but likely more attention on the FOMC later.
  • Speakers are also in focus with a packed day, which includes ECB de Cos, Lane, Knot, BOJ Kuroda, BoE Tenreyro, and Fed Brainard
Energy BulletsCommodities
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