MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

BOC WILL BE CONSDIERING FURTHER RATE CUTS

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: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

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

PPI Rises At Fastest Pace Since 1995

CNH

Yuan is weaker with USD/CNH rising from closing lows. The pair dropped as low as 6.4250 overnight falling from intraday highs of 6.4550. The rise in the yuan overnight was attributed to tailwinds from a flatter US curve, while talk of improved trade relations between the US and China also helped CNH higher.

  • USD/CNH has fallen around 1% from September highs, and is brushing up against its September lows at 6.4244. 1-month 25 delta risk reversals have fallen through the 100-DMA and are last at 0.335 from highs above 0.50 earlier in October.
  • CPI rose slightly below estimates at 0.7%, consensus 0.8% and 0.7% previously, PPI rose 10.7% slightly faster than the 10.5% estimated and up from 9.5% last time out -the PPI print denotes the fastest pace since 1995.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.