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/KRW Back Above 1410, Weaker Equities Weighing

KRW

USD/KRW spiked higher in early trade, moving above 1413, before selling interest emerged. We were last at 1410.80. Onshore equities dipped 1% at the open, but we are now back to -0.40% (2229 in index terms). Samsung Q3 revenue was weaker than expected, while overnight tech leads haven't helped. Offshore investors have sold close to $65mn of local shares so far today.

  • The weaker current account for August (-$3049mn, against $791.1mn previously) and goods balance (-$4449.3mn, versus -$1434mn in July) has likely weigh as well.
  • The BoK noted the current account should improve in September. Note the trade deficit for this month has already improved to -3770mn, versus -$9487mn in August.
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