MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

Dollar Recovery Extends In Early Asia Pac Trade, Firmer Yields Helping

FOREX

The USD is modestly higher in early dealings. The BBDXY a touch above end Wednesday levels in NY, last near 1237.

  • USD gains are around the 0.10-0.15% level so far in Asia Pac trade, so fairly modest, albeit uniform gains. The early tone to US yields is slightly firmer, with the benchmarks +1/+1.5bps higher, continuing the positive trend from late in NY trade as better US PMI data aided the move.
  • US equity futures are down a touch, close to flat, with the FAA halting Boeing Max expansion production plans, which has weighed on the share price in after hours trade.
  • USD/JPY is back to 146.70, AUD around 0.6570, while NZD/USD is back close to 0.6100.
  • There isn't much in the way of further data outcomes for the session, which will leave the market on headline, broader risk appetite watch.
Energy BulletsCommodities
Energy BulletsCommodities

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.