MNI China Daily Summary: Wednesday, December 11

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

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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

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Pressured, AUD/NZD Back Above $1.07

NZD

NZD/USD prints at $0.6255/60, ~0.2% softer today.

  • The pair has been pressured in recent trade as a fall in regional equities weighs on risk sentiment. US Equity futures retreating from best levels has boosted the USD at the margins.
  • NZD/USD fell ~1% from peak to trough this morning.
  • AUD/NZD is back above $1.07, the pair had printed a fresh YTD low in thin liquidity this morning, and last prints at $1.0720/30
  • Cross asset wise, Hang Seng is down ~1.5% and e-minis are up ~0.4%. 10 Year US Treasury Yields are ~4bps firmer.
  • Feb Trade Balance is on the wires early tomorrow morning, there is no estimate for the print. The prior read was a deficit of ~$1.9bn.
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