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

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

EZ/UK T-Bill Calendar: Germany, France Auction on 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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AUD/GBP: Recovers Off Cycle Lows

AUD

AUD/GBP ticked away from cycle lows registered last week, sitting ~1.2% above the low registered on 28 June.

  • The pair was marginally firmer yesterday, post-RBA pressure was unwound through the European and NY sessions as risk sentiment improved. AUD/GBP last prints at £0.5260/65.
  • On the upside bulls target a break of the 20-Day EMA (£0.5285), this opens the low from June 20 (£0.5309).
  • Bears look to sustain a break below £0.52, this opens the £0.50 handle and lows from March 2020 at £0.4795.
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