MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CLP Extending Latest Recovery, PPI Rises 1.9% M/m

CHILE
  • USDCLP has fallen 0.4% at the open, extending the peso’s impressive recovery from Monday. As a reminder, USDCLP traded just shy of 950 before the reversal for US yields and the softer greenback acting as a strong peso tailwind. China headlines helping add some risk-on tone at the margins will be assisting the CLP bid.
    • The most recent pullback is considered technically corrective and market participants will be looking at the 20-day EMA as initial support which lies at 924.48. Key support is at the 50-day EMA - at 897.95.
  • Chile's producer prices rose 1.9% m/m in September versus +2.2% in August, according to the National Statistics Institute (INE). Producer prices fell 4.8% y/y versus -6.7% in August. (BBG)
  • The BCCh is widely expected to continue its easing cycle with another 75bp reference rate cut to 8.75% on Thursday. However, most recent comments regarding the significant weakening of the peso suggest the decision is not a forgone conclusion. Our full preview will be published tomorrow morning.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.