MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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A$ Down Further As Equities Weaken

AUD

AUDUSD is down further today to around 0.6688 on a slightly risk averse tone. It is off the intraday low of 0.6682, which was still above Friday’s low of 0.6678. The USD index is 0.1% lower.

  • Aussie is down against the major crosses. AUDJPY is off the intraday low of 89.48 and is currently around 89.76. AUDNZD down 0.1% to 1.0888, around the intraday low. Aussie is also down 0.1% to 0.6086 versus the euro and to 0.5374 versus the pound.
  • Equity markets are mixed across the APAC region with the CSI down 0.7%, ASX -0.1% but the Nikkei up 0.3%. S&P e-minis are 0.2% lower. Oil prices have almost unwound Friday’s gains with WTI down 0.9% to $77.28/bbl. Iron ore is trading between $104-106/t.
  • The German Ifo survey for April is released later and also the US Chicago and Dallas Fed Indices. Tomorrow Australia and NZ are closed for the ANZAC Day holiday.
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