MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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A recovery in risk appetite has been the......>

FOREX
FOREX: A recovery in risk appetite has been the main theme in Asia-Pac dealing
after rumours of China's official intervention in USD/CNY via state owned banks
to quell the slide in CNY limited broader risk off flows, before positive news
re: China-U.S. trade relations flipped sentiment (the SCMP reported that China's
top trade envoy is to head to the U.S.). 
- Familiar EUR & GBP political matters continue to dominate the outlook for the
currencies, but the aforementioned newsflow helped traders to look through the
impending matters overnight, as they both lodged gains vs. USD. 
- The Antipodeans garnered strength from the SCMP story, AUD being the best
performer among the G10, with AUD/NZD trading at A$1.0694, just off of session
highs. CAD benefitted from the risk on flows as well. 
- JPY underperformed in G10 with USD/JPY breaking above the key Y114.00 level. 
- Focus turns to the UK jobs report, German ZEW data and speeches from ECB's
Praet, Lautenschlaeger & de Guindos with Fedspeak provided by Kashkari, Brainard
& Harker. BRexit matters will continue to dominate, with Italy also scheduled to
deliver its amended budget to the EU later today.
Energy BulletsCommodities
Energy BulletsCommodities

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