MNI China Daily Summary: Friday, December 27

MNI BRIEF: BOJ: Rate Hike Chance Nearing; Mull Patiently

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

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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ASIA FX: Softer US Data Gives Dollar Boost on Rates View. 

ASIA FX
BulletEM BulletAPACEmerging Market News
  • Asia’s key currencies were mostly weaker today as the USD got a boost from weaker unemployment data and the prospect for rate cuts.
  • The Korean Won and Indonesian rupiah had the largest underperformance, with the Won off -0.67% and the Rupiah off -0.388% in today’s trade.
  • The Ringgit was not immune touching 4.4775 to be -0.185% for the day.
  • India’s rupee’s struggles continue.  Having hit historically weak levels prior to the holiday break, it has continued today to be -0.151% at the open, at 85.39.
  • The Yen had a slightly better day as the Finance Minister indicated the government’s support for the currency.  Yen traded at 157.65 in thin trading day ahead of the weekend.
  • The Aussie dollar and NZ dollar will little changed on the day.    
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  • Asia’s key currencies were mostly weaker today as the USD got a boost from weaker unemployment data and the prospect for rate cuts.
  • The Korean Won and Indonesian rupiah had the largest underperformance, with the Won off -0.67% and the Rupiah off -0.388% in today’s trade.
  • The Ringgit was not immune touching 4.4775 to be -0.185% for the day.
  • India’s rupee’s struggles continue.  Having hit historically weak levels prior to the holiday break, it has continued today to be -0.151% at the open, at 85.39.
  • The Yen had a slightly better day as the Finance Minister indicated the government’s support for the currency.  Yen traded at 157.65 in thin trading day ahead of the weekend.
  • The Aussie dollar and NZ dollar will little changed on the day.