AUSTRALIA DATA: Q2 Trimmed Mean Only 0.1pp Above RBA Forecast

Jul-30 01:33

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Australia's Q2 trimmed mean CPI printed close to Bloomberg consensus at 0.6% q/q and 2.7% y/y down f...

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MNI: **CHINA JUN MANUFACTURING PMI 49.7 VS 49.5 IN MAY

Jun-30 01:30
  • **CHINA JUN MANUFACTURING PMI 49.7 VS 49.5 IN MAY

CHINA: Central Bank Injects CNY111bn via OMO

Jun-30 01:23
  • The PBOC issued CNY331.5bn of 7-day reverse repo at 1.4% during this morning's operations.
  • Today's maturities CNY220.5 bn
  • Net liquidity injection CNY111 bn.
  • The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
  • The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.40%, from prior close of 1.69%.
  • The China overnight interbank repo rate is at 1.45%, from the prior close of 1.29%.
  • The China 7-day interbank repo rate is at 1.40%, from the prior close of 1.70%.
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CNH: USD/CNH Lower Post USD/CNY Fixing

Jun-30 01:22

The USD/CNY fixing printed at 7.1586, against a Bloomberg market consensus of 7.1704.

  • This fixing continues the recent downtrend and is the lowest result since Nov last year. The fixing error was close to unchanged at -118pips.
  • USD/CNH is lower post the fixing outcome, last around 7.1650. Focus will be on whether we can test sub 7.1600, with last week's cycle lows at 7.1525.