MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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USD Edges Higher In Quiet Asia-Pac Trade

FOREX

The DXY edged higher from the off amid an uptick in U.S. Tsy yields, correlated with fresh record highs for both the S&P 500 & NASDAQ 100 e-minis.

  • Firmer crude oil prices lent support to CAD and NOK. AUD followed suit but its Antipodean cousin NZD faltered.
  • The kiwi slipped as BBG trader source pointed to fast money trimming longs amid lack of new catalysts after Thursday's inflation expectations data.
  • All in all, major crosses held narrow ranges as broader headline flow was relatively thin.
  • UK & Canadian retail sales as well as Norwegian GDP take focus going forward. Comments are due from Fed's Waller & Clarida, ECB's Lagarde & Weidmann as well as BoE's Pill.
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