MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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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Baht Retreats Along Regional Peers, Customs Trade Data Eyed

THB

Overnight greenback purchases have generated a tailwind for spot USD/THB in early trade. The pair last operates +0.110 at THB32.995, with bulls looking to take out Jan 10 high of THB33.747, before targeting Dec 22 high of THB33.835. On the downside, a retreat under yesterday's two-month low of THB32.822 would bring Nov 18 low of THB32.565 into play.

  • PM Prayuth clarified Thursday that he has no plans to reshuffle his Cabinet or call a snap election after the ouster of rebel MPs from the ruling Palang Pracharath Party (PPRP). Prayuth dubbed the expulsion of PPRP Secretary General Thamanat and 20 other lawmakers as an internal affair, although it is known that the two had a tense relationship.
  • Elsewhere, the Premier ordered government agencies to keep caps on diesel and cooking gas for "as long as possible."
  • The Prime Minister chairs a meeting of an economic panel to discuss ways to mitigate the impact from the Covid-19 pandemic.
  • Thailand's Customs Department will publish December trade data later today. Next week's docket provides little of note.
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