MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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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Rupiah Firms After Fed Decision, Focus Turns To Bank Indonesia

IDR

Spot USD/IDR has traded on a heavier note in the wake of the Fed's monetary policy decision. The rate sits -12 figs at IDR14,321, with bears looking to a slide through Nov 30 low/100-DMA at IDR14,293/14,288. Conversely, a breach of Dec 10 high of IDR14,383 would bring Dec 6 high of IDR14,447.

  • USD/IDR 1-month NDF last -7 figs at IDR14,348. Bears see the 100-DMA at IDR14,330 as their initial target, while bulls look to a jump above Dec 10 high of IDR14,445.
  • Bank Indonesia will deliver their final monetary policy decision of 2021 later today (see our preview for more details). The statement is unlikely to provide any major surprises, with the 7-Day Reverse Repo Rate expected to remain unchanged.
  • Health Min Sadikin announced that the gov't is planning to roll out a Covid-19 booster programme for the general public as soon as in January, with priority given to the elderly and immunocompromised people.
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