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

Geopolitical Jitters Linger, RBNZ Up This Week

NZD

NZD/USD sits at $0.6690, down 7 pips on the day, as the new week gets under way. The risk of escalation in the Russia/Ukraine crisis continues to undermine riskier assets, with NZD traders preparing for this week's central bank meeting.

  • Bears need a retreat under Feb 14/4 lows of $0.6593/90 before setting their sights on the recent cycle low of $0.6530 printed on Jan 28. Bulls look for a break above Feb 18/10 highs of $0.6730/33, which would shift focus to Jan 19 high of $0.6812.
  • The RBNZ will deliver their first monetary policy decision of 2022 on Wednesday after a three-month hiatus. Money markets fully price a 25bp hike to the OCR, with an outside chance of a 50bp rate rise.
  • On the data front, credit card spending (Wednesday), trade balance (Thursday) & retail sales (Friday) take focus from here.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.