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 BRIEF: China Visitor Mobile Payments Surge in H1

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

MNI: SWEDEN Q2 GDP +0% Y/Y

MNI: SWEDEN JUN RETAIL SALES -0.1% Y/Y

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

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Valor Flag Weaker Tax Revenues as Result of Diesel Policy

BRAZIL
  • Haddad is expected to head to the IMF and World Bank meetings with a goal of highlighting the three key foreign policy pillars of Lula's latest term in office, namely: sustainable development in the social, environmental and economic spheres; the review of debts of countries in crisis; and the reform of global governance. The finance minister is expected to affirm the reformist approach to policy, according to Globo.
  • Separately, Valor report that the government are set to lose as much as BRL 500mln in tax revenues by year-end due to the zero-rated federal tax on diesel sales.
  • Campos Neto has a particularly busy scheduled Friday, meeting several industry representatives, although no public comments or press conferences are scheduled.
  • A regional Latam sell-off Thursday (led by MXN) will likely remain a focus into the Friday session, with the US Nonfarm Payrolls release of critical importance. Any re-steepening or further rise in the US yield curve should add extra pressure, keeping 5.20 within range for USD/BRL.
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