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

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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USD Strength Post Payrolls Send CEE Currencies Lower

CEE FX
  • Against market expectations, NFP came in significantly higher expectations at 467K in January, which was nearly four times higher than the 125K expected.
  • USD surged higher following the jobs report, with the DXY soaring above 95.60 level after testing its 100DMA support at 95.1960 this morning.
  • USDPLN bounced higher following the report after finding support at 3.9550 earlier; ST resistance to watch on the topside stands at 4. On the downside, support to watch below 3.9550 stands at 3.9430.
  • USDCZK ticks higher above the 21.30 level finding a low at 21.21 earlier; ST resistance to watch on the topside stands at 21.4550.
  • USDHUF is up slightly following the report but the pair is still down today, currently trading below the 309 level; ST support to watch on the downside stands at 306.30 (200DMA). On the topside, resistance stands at 310.
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