AUD: Reaction To Q2 CPI

Jul-30 01:33

AUSTRALIA 2Q WEIGHTED MEDIAN CPI RISES 2.7% Y/Y; EST. 2.7%, AUSTRALIA 2Q TRIMMED MEAN CPI RISES 0.6% Q/Q; EST. 0.7%, AUSTRALIA 2Q CONSUMER PRICES RISE 0.7% Q/Q; EST. 0.8% - BBG  . The AUD went into the Meeting trading around 0.6520 and quickly moved to 0.6505 on this. The SPI was trading around 8679.0(+0.12)

  • AUD/USD - 0.6504, -0.09%
  • AUD/NZD - 1.0912, -0.16%
  • EUR/AUD - 1.7775, +0.20%
  • AUD/JPY - 9635., -0.30%
  • XPU5 - 8690, +0.24%
  • EOY  OIS 2-7 bps lower, YM +7, XM +4

Historical bullets

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%.
image

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.