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

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

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

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

Pound outperforms

FOREX
  • Most of the action has been in FX this morning, albeit in lower turnovers, and mainly in the Pound.
  • Cable traded through the December high and now look to test next resistance at at 1.3414 50-day EMA.
  • The British Pound has been underpinned as Boris is set to save Christmas from any restrictions, and will wait until next week for further hospitalisation data to give a clearer picture.
  • Elsewhere it has been a more subdued, range bound session across FX pairs.
  • USD is mixed in G10, down 0.37% against the GBP, and up 0.35% versus the SEK.
  • EURUSD remains in a 31 pips range with some focus on large option expiry at 1.1300 for today in the tone of 1.41bn.
  • Looking ahead, last set of data in focus come from the US, with PCE core deflator and prelim Durable goods,
  • Note for the US exchange markets close today is at 13.00ET/18.00GMT and US are closed tomorrow.
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.