MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% 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

Extra Budget Submitted But Lawmakers Call For More Spending

KRW

Spot USD/KRW operates at KRW1,193.30 at typing, just shy of neutral levels. Bears look for a slide through the 50-DMA at KRW1,187.47 before taking aim at the 100-DMA, last seen at KRW1,181.97. Conversely, bulls would be pleased should the rate manage to pierce Jan 7 cycle high of KRW1,203.90.

  • USD/KRW 1-month NDF last seen at KRW1,194.60, a touch higher on the day. Bulls look to a move through KRW1,207.50, which capped gains on Jan 6. On the flip side, bears keep an eye on the 50-DMA at KRW1,188.65, followed by Jan 13 low of KRW1,183.78.
  • The government submitted the KRW14tn extra budget to parliament, facing calls for a higher spending figure from both sides of the aisle. Ruling party presidential candidate Lee has urged the government to raise the budget to KRW35tn.
  • Preliminary Q4 GDP figures headline the local docket tomorrow. Later this week, focus will turn to consumer confidence (Wednesday), BoK Business Survey (Thursday) & industrial output (Friday).
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.