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

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MEXICO: CIBC Maintain Upward USDMXN Bias At Current Levels

MEXICO
  • CIBC have reiterated that they are maintaining their upward USDMXN bias from current levels, having recently revised their Q3 forecast slightly upward to 18.50 (prev. 18.20).
  • This reflects their expectations of an earlier start of the easing cycle following Banxico’s rate announcement last week. 
  • That said, CIBC recognize that the pair will remain prone to quick, albeit brief, spikes towards the 19.00-19.20 range, as constitutional reform discussions begin in Q3 and the US Presidential election race heats up.
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