MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

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

Spot USD/HKD Dips Supported, US-HK Rate Differentials Starting To Stabilize

HKD

After making fresh highs in late NY trade on Wednesday (near 7.8480), USD/HKD has seen more two-way price action today. The pair pulled back towards 7.8440, before settling back closer to 7.8460 in recent dealings. Spot dips sub 7.8440 have generally been supported in recent sessions.

  • Hibor 1 month fixed lower today, back under 3.72%, we did fix slightly higher yesterday (3.76%). The 3 month was also fixed lower, 4.45%, versus 4.48% yesterday.
  • US-HK short end yield differentials have started to stabilize though, with US 3 month edging down this past week, weighed by weaker US data outcomes.
  • The 1 month risk reversal is steady at -0.37. 12 month USD/HKD outright remains under 7.7800, with moves above this level generally sold by the market. The 6 month sits back closer to 7.8000, away from recent highs near 7.8050.
  • On the data front, July retail sales print later, while July money supply and the budget balance are also due today.
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.