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

MNI: US MBA: MARKET COMPOSITE +5.4% SA THRU DEC 06 WK

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

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

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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AUDUSD Range Trading But A$ Stronger Against Other Currencies

AUD

AUDUSD has been range trading during the APAC session to be flat at 0.6880, close to the high of 0.6881 after a low of 0.6857 earlier. The USD is 0.2% stronger driven by heightened geopolitical tensions.

  • Aussie is doing better against the major currencies than against the USD. It is up 0.1% against kiwi to 1.1025 and up 0.3% against the yen to 92.52. It is also 0.2% higher against the euro and pound to 0.6443 and 0.5723 respectively.
  • Equity markets are mixed in the region with the Nikkei down 0.1% but the ASX flat. S&P e-minis are down 0.1%. WTI oil is down 0.1% to $76.30/bbl. Iron ore prices are around $126/t after reaching $127.60 on Friday.
  • The US is closed today for the President’s holiday. Tomorrow the minutes from this month’s RBA meeting are published and preliminary Judo Bank PMIs for February print.
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