MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

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

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Vaccines In Focus

TWD

After dropping last week Taiwan dollar moved in a narrow range on Monday, USD/TWD last down 0.012 at 27.994 as the pair continues to hover around the 28.00 handle.

  • Taiwan recorded 23 local cases of COVID-19 on Monday. On the vaccine front the government has plans to purchase 15 million doses of Moderna's vaccine in 2022 and another 15 million in 2023. There were reports yesterday that Foxconn and TSMC had reached deals to purchase 10 million doses of the BioNTech vaccine, the arrangement circumvents what Taiwan claimed was China's attempt to block vaccine purchases by the government. Elsewhere, TSMC said there was no impact on its operations after reporting three coronavirus cases. The company says over 200 staff tested negative and it will continue to carry out fast screening and testing, as well as providing any necessary assistance.
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