MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI: US Q3 GDP +2.8%

MNI:US OCT DURABLE NEW ORDERS +0.2%; EX-TRANSPORTATION +0.1%

MNI: US JOBLESS CLAIMS -2K TO 213K IN NOV 23 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Softer On Thursday, Mfg PMI Little Changed In February

INR

INR is softer this morning, broad based USD/Asia strength driven by higher US Treasury Yields is weighing on the Rupee. We remain comfortably within recent ranges though.

  • USD/INR was marginally softer yesterday, finishing dealing ~0.2% lower. The pair briefly dealt below its 20-Day EMA (82.57), however we sit a touch above that level this morning.
  • Bulls still look to target a break of 83.00. Bears target 2023 lows at 80.89.
  • February S&P Global Mfg PMI printed at 55.3 yesterday, this was a touch lower than the prior read (55.4). The measure is holding in expansionary territory despite the RBIs tightening cycle.
  • On the wires tomorrow we have S&P Global Services and Composite PMIs for Feb. There is no estimate for either print, the prior for Composite PMI was 57.5 and the Services PMI was 57.2.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.