MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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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The Dollar pares some gains

FOREX
  • USD trades more mixed against G10, after the currency was outperforming across the board in the early European session, the dollar is now up 0.25% against the Yen, and down 0.22% versus the NOK.
  • The bid in Equities has somewhat been the driver in the USD pullbacks.
  • EUR is mostly on the front foot, up in G10s, albeit still struggling, a touch, trading in the red against the Scandis, NOK and SEK.
  • Some pressure on the British Pound this morning, EURGBP is through initial resistance at 0.8476 High Oct 26, and next upside level is now seen at 0.8508 50-day EMA.
  • EURCHF is off the lows, and market participants are keeping a close eye on the 2020 low at 1.05075, also the lowest level since July 2015.
  • EURCHF is now at 1.05911.
  • Looking ahead, UK OBR and Rishi Sunak testify.
  • Out of the US, Manufacturing PMI will be final reading, we also get ISM manufacturing and price paid.
  • Attention is squarely on the Fed and the BoE for G7 this week, with both Central Banks expected to stay unchanged.
Energy BulletsCommodities
Energy BulletsCommodities

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