MNI: PBOC Sets Yuan Parity Lower At 7.1228 Thurs; +2.24% Y/Y

MNI: PBOC Net Drains CNY218.4 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY359.3 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1228 THURS VS 7.1307

MNI BRIEF: BOK Holds Rate, Downgrades GDP, CPI View

MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday

Preliminary August PMIs Improve, But Manufacturing Still Sub 50.0

Local Investors Purchases Of Offshore Bonds Surge In Recent Weeks

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

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

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USDMXN Edges Lower Amid Bolstered Risk Sentiment

MEXICO
  • A more positive tilt for risk is benefitting the Mexican peso on Tuesday. Recent price action suggests that the current weakness may be technically corrective with key support having been defined at 19.4136, May 30 low. Initial support is around 20.05 at the 20-day EMA.
  • As of writing, all 20 estimates submitted to the Bloomberg survey expect Banxico to hike rates by 75bps to 7.75% on Thursday. Analysts will focus on updated inflation forecasts and guidance for future meetings within the central bank’s statement to be released at 1900BST/1400ET.
    • The full MNI preview with analyst views will be published shortly.
  • Citibanamex are due to release its latest economist survey with forecasts for inflation, monetary policy and GDP growth. Most economists in the bank’s last survey anticipated policy makers announcing a record 75bp rise in the key rate at their June 23 decision.
  • Economy Minister Tatiana Clouthier to host event with women’s business council on sustainable economic reactivation, scheduled for 1400 local time.
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