MNI China Daily Summary: Thursday, December 12

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MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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$ Moderately Stronger As Iron Ore Back Above $100

AUD

AUDUSD is 0.1% higher at 0.6776 after a low of 0.6762 and high of 0.6780. It rebounded following the slightly softer-than-expected yuan fixing and has been supported by stronger metal and iron ore prices. Equity markets are currently not favourable. The USD index is little changed.

  • The largest mover is AUDJPY up 0.4% to 98.22, close to the intraday high. AUDNZD has been in a narrow range and is down slightly to 1.0914. AUDEUR is slightly higher at 0.6070 and AUDGBP +0.1% to 0.5139.
  • Equities are weaker with the ASX slightly lower, Hang Seng down 0.5% and S&P e-mini -0.1%. Oil prices are lower today with WTI down 0.4% to $77.12/bbl. Copper is 0.3% higher and iron ore is around $101/t.
  • Later there are US house price data and August consumer confidence and Richmond & Dallas activity indices. There is also the second estimate of Q2 German GDP. Tomorrow Australia’s July CPI data are released.
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