MNI China Daily Summary: Thursday, December 12

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BBDXY Trims Early Losses

FOREX

BBDXY has pushed back towards unchanged levels for the session near around ~1237. Earlier lows were sub 1236. This has coincided with an uptick in US yields.

  • Kiwi is the weakest performer in the G-10 space, NZD/USD is down ~0.3% last printing at $0.5960/65. Yen has trimmed early gains and now sits marginally softer.
  • Elsewhere in G-10 SEK is also down ~0.3% , however liquidity is poor in Asia.
  • In the equity space, US EQuity Futures are holding onto the Nvidia driven gains. E-minis sit up ~0.5% and NASDAQ futures are up 1%. Regional equities are firmer in early trade the Hang Seng is up ~0.8%.
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