MNI China Daily Summary: Friday, December 27

MNI BRIEF: BOJ: Rate Hike Chance Nearing; Mull Patiently

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

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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BRAZIL: USDBRL Rises Over 1.0% To Four-Year High

BRAZIL
BulletEM BulletEmerging Market News
  • "*HADDAD TO ANNOUNCE INCOME TAX EXEMPTION ON WED.: GLOBO" - BBG
  • USDBRL has spiked higher on the above headline, with the pair briefly rising 1.4% to 5.90, before paring some of the gains.
  • The move takes the pair above key resistance and the bull trigger at 5.8750 to its highest in over four years.
  • Spot quickly rose to the next resistance point at 5.9054, the 1.618 projection of the Aug 19 - 30 - Sep 19 price swing. Above here, the psychological 6.00 handle is up next.
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  • "*HADDAD TO ANNOUNCE INCOME TAX EXEMPTION ON WED.: GLOBO" - BBG
  • USDBRL has spiked higher on the above headline, with the pair briefly rising 1.4% to 5.90, before paring some of the gains.
  • The move takes the pair above key resistance and the bull trigger at 5.8750 to its highest in over four years.
  • Spot quickly rose to the next resistance point at 5.9054, the 1.618 projection of the Aug 19 - 30 - Sep 19 price swing. Above here, the psychological 6.00 handle is up next.