MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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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NZD Continues Winning Streak, AUD/NZD nears Yearly Lows

NZD

NZD weakened post the Asia session on Wednesday, however still finished the day up 0.19% and a top performer of G10 Currencies only trailing CHF, while the BBDXY traded 0.04% lower.

  • NZDUSD benefited on Wednesday after Chinese stocks surged higher marking the sixth day of gains for the pair. As the European and US session progressed the pair trended lower retesting the daily lows (0.6161) before closing the session back at 0.6181. On the technical side, a break above Wednesday highs 0.6198 opens up a move to 0.6206 the Jan 16 high.
  • AUDNZD has been under pressure recently and hovers just above yearly lows made on Feb 9th, the pair has been trading between 1.060/1.070 since February 7th and a break here could signal a retest 1.0560, lows made in May 23.
  • New Zealand just released Trade data: Trade Deficit -976m vs -323m prior, Exports 4.93b vs 5.94b, Imports 5.91b vs 6.26b with the 12M Trade deficit at -12,496b vs -13.567b.
  • Elsewhere, New Zealand Finance Minister Nicola Willis plans to meet Australian Treasurer Jim Chalmers on Thursday, aiming to discuss the new government's approach focused on fostering an environment for increased business investment and positioning New Zealand as a hub for talent, capital, and innovation.
  • Looking ahead to Friday NZ has Retail Sales, while later today the US has Chicago Fed Nat Activity Index, Job Claims , and Existing Home Sales due out.
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