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

EURHUF Set to Mark Longest Losing Streak Since Apr’22

HUF
EURHUF has extended its recent losses and is down 0.15% at typing ahead of the NBH rate decision. Another close lower today would mark the seventh consecutive session of losses – the longest losing streak since April 2022. The forint is outperforming its regional peers as the pullback in long-end US tsy yields from yesterday’s cycle highs extends (PLNHUF: -0.20%; CZKHUF: -0.23%). Nevertheless, a firmer DXY index may provide a headwind to EM FX gains. 378.24, the Aug 30 low, is the next support level to watch.
  • Hungary’s average gross wages rose 15.3% y/y (Est: +14.8%) in August, unchanged from July, though did little to move the needle given the proximity to the central bank decision this afternoon.
  • Among sell-side, expectations are unanimous that the scale of rate cut be reduced at today’s meeting. Of the views we have previewed, most are expecting a 75bp cut to the base rate. See our full preview here.

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.