MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: ITALY NOV FLASH HICP +0% M/M, +1.6% Y/Y

MNI: EUROZONE NOV FLASH HICP +2.3% Y/Y

MNI: UK OCT M4 MONEY SUPPLY -0.1% M/M, +3% Y/Y

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MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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Defensive Flows Take Hold In Asia, Orr's Warning Undermines Kiwi

FOREX

Coronavirus worry kept riskier FX in check, as Japan and the U.S. reported new daily records of infections Thursday, while a number of central bank heads warned against premature optimism. The yen topped the G10 scoreboard as participants sought a safe haven. Lingering concerns over the deadlocked fiscal talks and political transition in the U.S. helped undermine risk appetite.

  • NZD led commodity FX lower as a new community transmission of Covid-19 was found in Auckland and RBNZ Gov Orr joined other central bankers in reminding that the economic recovery is a "big if". The Governor cited the new infection as a pointing to continued uncertainty and noted that the last MPS was based on a "very bold" assumption that New Zealand's will re-open by 2022.
  • Focus today turns to EZ trade balance & flash GDP, final French CPI, flash U.S. U. of Mich. Survey. Central bank speaker slate includes Fed's Williams & Bullard, ECB's Rehn, de Cos & Weidmann and BoE's Bailey, Cunliffe & Tenreyro.
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