MNI China Daily Summary: Monday, April 15

MNI: China CFETS Yuan Index Up 0.22% In Week of Apr 12

MNI: PBOC Sets Yuan Parity Higher At 7.0979 Mon; -4.90% Y/Y

MNI China Press Digest April 15: A-Shares, Exports, Property

MNI: PBOC Conducts CNY100 Bln MLF Mon; Rates Unchanged

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

MNI: EUROZONE FEB IP +0.8% M/M, -6.4% Y/Y

IP M/M Improvement Broadbased Although Y/Y Remains Weak

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Yuan Extends Losses As China's Activity Data Miss Expectations

CNH

USD/CNH extended gains to fresh session highs after the release of a rather underwhelming set of China's economic activity indicators. The rate topped out at CNH6.4423 before trimming gains and last operates +62 pips at CNH6.4408. It remained within the confines of yesterday's range in the process.

  • Industrial output rose 5.3% Y/Y, undershooting expectations of a 5.8% growth, while fixed assets and property investments also missed forecasts. Retail sales registered the most spectacular miss, rising 2.5% Y/Y vs. exp. of an increase by 7.0%. The unemployment rate matched forecasts and remained unchanged at 5.1%.
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