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

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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

JPY Firms, Australian Labour Market Report On Tap

FOREX

Yen is marginally outperforming in early trading, however moves elsewhere in G-10 remain limited.

  • USD/JPY has moderated some of yesterday's gains, and is testing its 200-day EMA. The pair is ~0.3% softer, last printing ¥133.75/85. January Trade Balance printed ~¥3.5tn deficit, which was narrower than expectations.
  • AUD/USD is marginally firmer, however a narrow 10 pip range has been observed. Melbourne Institute Consumer Inflation Expectations fell to 5.1% in January. On the wires shortly we have Jan Labour Market Report, the Bloomberg survey median estimate is for an unemployment rate of 3.5%.
  • Kiwi is little changed, NZD/USD prints at $0.6280/85. AUD/NZD is holding below $1.10 in early dealing.
  • Elsewhere in G-10 EUR and GBP are both marginally higher, however moves remain limited.
  • Cross asset wise: US equity futures have firmed and BBDXY is moderately softer as it ticks away from its 50-Day EMA meeting resistance there in late trade yesterday.
  • As mentioned, Australian labour market data will cross shortly. Further out we have US PPI and initial jobless claims.
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.