MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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

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USDMXN Continue To Edge Lower, Eyes 20.25/28 Support

MEXICO
  • Very little to report overnight, however MXN continues to trade well with USDMXN tied to the most recent lows around 20.35. The pair remains technically vulnerable and immediate attention is on key short-term support and the bear trigger at 20.2787, Jan 18 low.
  • A reminder that Pemex and Mizuho Bank executives met to analyze a possible strategic alliance and broaden financial options, the state oil company said on Twitter.
  • Shortages of avocados are already showing up in the supply chain after a suspension of imports from Mexico just days ago.
    • That’s according to a person familiar with the situation who asked not to be named because it involves commercial arrangements. Mexico, which accounts for about 80% of the U.S. market, is attempting to resolve the issue after reports circulated that Mexico had found the source of the the threat to the Avocado inspector.
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