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

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

Retail sales due at 7:00BST

INDON Sov Curves Steepens, BI To Support Do IDR, Rate Decision Wed

Japan Mar Core CPI +2.6% Y/Y; Energy Price Fall Narrows

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 Testing Friday’s Post-Employment Report Low

CANADA
  • USDCAD is testing Friday’s low of 1.3338, a level hit long after the far stronger than expected labor report, despite CAD underperforming most majors today.
  • The move is buoyed by S&P e-mini pushing up to overnight highs, whilst from a fundamental angle is still supported by the post-employment narrowing in Can-US yield differentials (albeit to a still heavily negative -45bps for the 2Y).
  • A further improvement in risk sentiment is likely required to help open support at 1.3262 (Feb 2 low) with the bear trigger at 1.3226 (Nov 15 low) beneath that.
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