TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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

PHP Leads Gains While TWD Lags

ASIA FX
  • CNH: Offshore yuan is weaker, US President Biden criticized the Chinese government saying that the situation in Hong Kong is deteriorating and the US was planning to issue an advisory to US businesses as a result and sanction US officials over Hong Kong
  • SGD: Singapore dollar is weaker, data showed Singapore June non-oil exports rise 15.9% Y/Y against estimates of 8.0%.
  • KRW: Won is flat, fluctuating in a range after a more hawkish than expected BoK yesterday saw KRW strengthen. Coronavirus cases remain elevated but dropped from the previous day.
  • TWD: Taiwan dollar is weaker, markets digest the latest earnings report from TSMC where the company issued guidance slightly below estimates and warned that the global chip shortage could start easing in the next few months.
  • MYR: Ringgit is stronger. Director-General of Health Noor Hisham suggested that Malaysia's daily Covid-19 case count could fall below 1,000 in October or November, if the current pace of vaccinations is sustained. Noor Hisham added that officials expect all Klang Valley residents to be vaccinated next month.
  • IDR: Rupiah is weaker. Indonesia reported another record-breaking surge in new virus cases on Thursday, adding 56,757 infections while S&P lowered growth forecasts.
  • PHP: Peso is higher, Pres Duterte's spokesman announced that the NCR+ region (Metro Manila and neighbouring provinces) will remain under loose mobility curbs through the end of the month, but no additional restrictions will be implemented.
  • THB: Baht is lower. The World Bank downgraded Thailand's growth outlook to +2.2% Y/Y in a report published Thursday from +3.4% forecast in March, noting that the projection may be cut further to +1.2% if Thailand fails to quickly contain the outbreak of Covid-19.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.