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

MNI: PBOC Sets Yuan Parity Lower At 7.1083 Tues; -1.77% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1083 TUES VS 7.1086

MNI China Daily Summary: Monday, June 3

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Australia Q1 Current Account Balance Marks $4.9 Bln Deficit

Australia Q1 Company Gross Operating Profits -2.5%

MNI: AUSTRALIA Q1 BIZ INDICATORS INVENTORIES +1.3%

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

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MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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USDZAR Extends NFP-Inspired Bounce Amid Resumption in Greenback Strength

ZAR

Greenback strength as outlined previously has pressured the rand further in recent trade. USDZAR last deals just above the 19.00 handle, up 0.65% on the day as the pair extends Friday’s NFP-inspired bounce to over 2%.

  • Bulls will target resistance at 19.1386, the Dec 11 high. While this level has recently been pierced, a clear break of would strengthen a bullish theme and signal scope for a climb towards 19.6399, the Oct 6 high.
  • Local headline flow has been revolving around the upcoming elections, with opinion polls cementing the view that the ANC will struggle to keep its majority in parliament and might need to seek a coalition partner. The local data slate lacks any tier 1 releases for the remainder of the week.
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