MNI INTERVIEW2: Riksbank Sales Boosting Liquidity - Debt Head

MNI China Daily Summary: Thursday, Dec 5

MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI: EUROZONE OCT RETAIL SALES -0.5% M/M, +1.9% Y/Y

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI: FRANCE OCT INDUSTRIAL PRODUCTION -0.1% M/M, -0.6% 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/TWD Threatening Break Above 200-day MA

TWD

USD/TWD is sitting at multi-week highs, last at 30.865. This is right on the 200-day MA, which we haven't spent too much time above since mid March. The 1 month NDF has already breached this resistance point and is back at highs to Nov last year (last 30.965).

  • TWD's sensitivity to CNY moves is on display, with renewed weakness in the yuan hurting sentiment, while onshore equities are weak as well.
  • Still, the wedge between local equities and TWD remains large, with the currency not benefiting to any great degree during the tech led bull run from mid May to mid June.
  • Offshore investors have been sellers of local equities in recent sessions, but June flows to date still stand at +$2473.5mn.
  • Coming up we have Taiwan export orders for May. The market consensus is for little improvement, with the consensus at -21.3%, versus -18.1% prior.
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.