MNI China Daily Summary: Friday, January 10

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USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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COLOMBIA: October Retail, Industrial Confidence Due

COLOMBIA
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  • The Colombian peso is also benefitting from the nomination of Scott Bessent as Treasury Secretary, which is providing some relief to markets, with the currency trading 0.9% firmer against the dollar in early trade around 4375. BBVA believes that the nomination could provide mild relief for LatAm FX early this week before liquidity runs thin by Wednesday, ahead of the US Thanksgiving holiday. They note that USDCOP4500 should act as the first line of resistance for the pair.
  • Today, Bloomberg reports that coordinators and presenters of the nation’s general budget financing bill will meet in Congress. On the data front, retail and industrial confidence figures for October will be published later. Further ahead, unemployment figures will be released on Friday, with the urban unemployment rate expected to decline further to 8.9% in October. BanRep will also hold a non-monetary policy Board meeting on Friday.
    • Oct. Retail Confidence, prior 12.2
    • Oct. Industrial Confidence, prior 1.3
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  • The Colombian peso is also benefitting from the nomination of Scott Bessent as Treasury Secretary, which is providing some relief to markets, with the currency trading 0.9% firmer against the dollar in early trade around 4375. BBVA believes that the nomination could provide mild relief for LatAm FX early this week before liquidity runs thin by Wednesday, ahead of the US Thanksgiving holiday. They note that USDCOP4500 should act as the first line of resistance for the pair.
  • Today, Bloomberg reports that coordinators and presenters of the nation’s general budget financing bill will meet in Congress. On the data front, retail and industrial confidence figures for October will be published later. Further ahead, unemployment figures will be released on Friday, with the urban unemployment rate expected to decline further to 8.9% in October. BanRep will also hold a non-monetary policy Board meeting on Friday.
    • Oct. Retail Confidence, prior 12.2
    • Oct. Industrial Confidence, prior 1.3