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

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

MNI BRIEF: China’s April Loan Prime Rate Unchanged

CHINA SETS YUAN CENTRAL PARITY AT 7.1043 MON VS 7.1046

MNI China Daily Summary: Friday, April 19

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

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

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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USDCAD Sees Minor Trimming Of Last Week’s Gain Pre CPI

CANADA
  • USDCAD holds near the low end of the day’s limited 53 pip range with both sides on holiday.
  • Currently ~1.345 (-0.15%) off a low of 1.3442, it holds most of last week’s 1% climb higher and sits closer to resistance at 1.3537 (Feb 17 high) than support at 1.3275 (Feb 14 low).
  • CAD CPI is in focus tomorrow following an already far stronger than expected labour report since the BoC’s conditional pause last month. Consensus has headline inflation easing two tenths to 6.1% Y/Y in Jan and the two core measures another tenth to 5.05% Y/Y.
  • Landing at the same time as CAD retail sales, it will then be followed by US data including prelim Feb PMIs plus existing home sales.
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