MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Price Signal Summary - USDBRL Attention Is On Resistance At 5.4286

LATAM FX
  • USDMXN continues to trade in a range. On the downside, a resumption of weakness would expose key short-term support at 19.7533, the Sep 12 low. Clearance of this level would strengthen bearish conditions and pave the way for a move towards 19.6185, the Jun 10 low. On the upside, a strong recovery would instead refocus attention on 20.5804, the Sep 28 high.
  • USDBRL attention is on resistance at 5.4286, the Sep 29 high. A break of this level would expose 5.5142, the Jul 21 high and a key resistance. On the downside, key short-term support has been defined at 5.1121, the Oct 4 low. A break lower would highlight a bearish development.
  • USDCLP maintains a firmer short-term tone and sights are on resistance at 996.97, the Sep 26 high. The contract in September cleared resistance at 955.10, the Aug 22 high. This has strengthened bullish conditions and signals scope for 1000.00 and 1061.00 further out, the Jul 14 high. The 50-day EMA, at 932.90 is a key support. A clear break of it would undermine the bullish theme and instead suggest scope for a deeper reversal. This would open 900.00 initially.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.