MNI BRIEF: China Must Unblock Domestic Circulation - Wang

MNI China Daily Summary: Monday, July 8

MNI BRIEF: BOJ: Wage Hikes At Smaller Firms Spreading

MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

Broad-Based Trade Activity Declines Notwithstanding Higher Surplus

MNI BRIEF: Japan June Sentiment Index, Outlook Index Both Rise

MNI: GERMANY MAY EXPORTS -3.6% M/M; IMPORTS -6.6% M/M

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

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

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USDCLP Gaps Lower, Lower House To Vote On Pension Reform Bill

CHILE
  • Another notable step lower for USDCLP at the open to 905, with the local currency benefitting from the firmer sentiment and softer greenback. The 2.2% rise for copper prices, as well as the $300 million pace of daily supply from Hacienda are providing additional tailwinds to the peso.
  • The lower house is expected to hold a general vote on the government’s pension reform bill on Wednesday, following the backing by the lower house finance committee earlier this week. If approved, the bill will then pass to the Senate for a vote. Approval will likely depend on support from smaller, swing opposition parties, as the largest opposition parties have already said that they will reject the reform.
  • December PPI inflation will be released today (prior -1.1% M/m), while Friday’s central bank economist survey will reveal analyst expectations for next week’s interest rate decision. Early analyst previews appear to be leaning towards the BCCh increasing the pace of easing, with a 100bp rate cut.
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