MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

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

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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

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

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

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Yuan to Trade in Wider Range: Journal

CHINA PRESS
MNI (Singapore)

The Chinese yuan may fluctuate in a wider range against the U.S. dollar, while any one-way movement cannot be sustained, the China Securities Journal reported citing analysts. Yuan may face depreciation pressure in Q3 if the Federal Reserve tightens its ultra-loose monetary policy as expected, which may drive up U.S. bond yields and lift the dollar index, the newspaper said citing Guo Lei, chief economist of GF Securities. The yuan has begun to weaken against the dollar yesterday after the PBOC raised FX reserve requirement ratio to slow appreciation, with the onshore yuan down 220 points to report 6.3827 as of 6:38 pm local time.

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