MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI: SWISS KOF JUN ECONOMIC BAROMETER 102.7

MNI: SPAIN JUN FLASH HICP +0.3% M/M, +3.5% Y/Y

MNI: FRANCE JUN HICP +0.1% M/M, +2.5% Y/Y

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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Zloty Holds Tight Range, Unemployment Data Provide No Surprises

PLN

EUR/PLN is rangebound, last sits +15 pips at 4.3679. Familiar technical levels remain in play, with bulls looking to attack the 20-EMA at 4.4096. From a bearish perspective, a move through Nov 21 low of 4.3411 would open up Mar 12, 2020 low of 4.3237.

  • NBP's Joanna Tyrowicz said that "we don't even have a 50% chance of getting hooked on +3.5% Y/Y [the upper end of the NBP's +/-1pp tolerance band around the inflation target], and +2.5% Y/Y is still far out of reach".
  • Poland's unemployment rate remained at 5.0% in October, in line with expectations. Quarterly data was slightly better than expected, with Q3 unemployment ticking 0.1pp higher to 2.7% versus 2.8% expected.
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