MNI China Press Digest July 15: Consumption, Exports, FDI

MNI: PBOC Conducts CNY100 Bln Via 1Y MLF; Rates Unchanged

CHINA PBOC CONDUCTS CNY129 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1313 Mon; -1.35% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1313 MON VS 7.1315

MNI BRIEF: China June M2 SlowsTo Record Low For Third Month

CHINA Q2 2024 REAL GDP +4.7% Y/Y VS MEDIAN +5.0% Y/Y: NBS

House Price M/M Falls Pared, But Still Some Distance From Positive Territory

MNI: BAKER HUGHES US RIG COUNT 584; OIL RIGS 478; GAS RIGS 100

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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Vaccine And Commodity Concerns Weigh

AUDNZD

AUD/NZD lower in early Asia, last down 18 pips as pressure builds on AUD. Rate last changes hands at 1.0695.

The sell-off is partly attributed to some concern over the efficacy of the AstraZeneca COVID-19 vaccine, Australia has secured 1.2m doses of the vaccine for February, with expectations of a further 1.6m more. In Germany the immunisation commission the vaccine should only be recommended for people between the ages of 18 and 64 with worries of its effectiveness in over 65's.

  • Lower iron ore is also weighing on AUD, in Singapore futures are down around 0.62% after dropping over 5.5% yesterday. If the close is negative today it will denote the seventh down day in the previous nine.
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