MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

MNI: US JUN INDUSTRIAL PROD +0.6%; CAP UTIL 78.8%

Foreigners Buy CAD20.9B of Canada Securities In May Led By Debt

MNI: US JUN HOUSING STARTS 1.353M; PERMITS 1.446M

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

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDKRW trades just off its daily highs,.......>

KOREA
KOREA: USDKRW trades just off its daily highs, currently at 1129.70, with
near-term resistance coming in at the 1130 level. A close above here would
return the focus to the upside and the 1140 resistance area. 
- KRWJPY is testing the 10.00 level where the 200-dma sits and a break back
above here would shift the near-term outlook back to neutral. The recovery is
coming in spite of renewed downside in the Kospi, which is down 0.4% following
recent heavy outflows. 
- Bond markets have traded in lackluster fashion with little in the way of
headline drivers. 10-year bond futures have recovered some early losses to trade
at 124.98 as prices gyrate around the 125 level. 
- The 2-year swap is down 0.6bps just above recent range lows as upside remains
capped by the 21-dma. Real yields continue to see upside pressure thanks to
declining breakevens, reducing the prospects of a BOK rate hike at the end of
the month.
MarketsFixed Income BulletsForeign Exchange Bullets
MarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.