MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

MNI: FRANCE NOV INDUSTRIAL PRODUCTION +0.2% M/M, -1.1% Y/Y

MNI: FRANCE NOV CONSUMER SPENDING +0.3% M/M, +0.3% Y/Y

MNI: NORWAY DEC CPI -0.1% M/M, +2.2% 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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NZD: NZD/USD Off Earlier Yearly Lows, Follow Trump Tariffs & Ahead Of RBNS

NZD
USNew ZealandNorth AmericaBulletAPACForeign Exchange BulletsMarkets
  • NZD/USD hit a new yearly low of 0.5797 earlier following Trumps post on China, Canada & Mexican Tariffs. One-day implied volatility surged 10.54 to 20.25
  • The level implies there is a 72% chance the pair will trading between 0.5743-0.5926 over the coming week, with spot currently at 0.5832.
  • Upcoming expiries; 0.575 ($300m), 0.5865 ($349.19m), 0.6220 ($200m), 0.6400 ($581.25m) for Nov 27 cut
  • Nov dated OIS is trading unchanged today at -56.6bps, implying a 26% chance of a 75bps cut, ahead of tomorrows RBNZ meeting
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  • NZD/USD hit a new yearly low of 0.5797 earlier following Trumps post on China, Canada & Mexican Tariffs. One-day implied volatility surged 10.54 to 20.25
  • The level implies there is a 72% chance the pair will trading between 0.5743-0.5926 over the coming week, with spot currently at 0.5832.
  • Upcoming expiries; 0.575 ($300m), 0.5865 ($349.19m), 0.6220 ($200m), 0.6400 ($581.25m) for Nov 27 cut
  • Nov dated OIS is trading unchanged today at -56.6bps, implying a 26% chance of a 75bps cut, ahead of tomorrows RBNZ meeting