MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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 takes its cue from Equities

CROSS ASSET
  • The Dollar is on the backfoot taking its cue from the Risk On tone following the NVIDIA beat Yesterday.
  • Despite a late rally and some continuation overnight Nasdaq futures is well short of its best traded level of 18,121.50 going into the European session.
  • Focus though, will clearly be on the European open, with Estoxx futures printing a new fresh contract high overnight, albeit off its best levels, as Europe joins the session.
  • Best performers in G10 are the Kiwi and the Aussie supported by the Indices.
  • NZDUSD is now testing the immediate resistance noted at 0.6206, so far printed a 0.6211 high, while further upside traction will target 0.6243 next.
  • For the AUDUSD, next area of interest is at 0.6603, NOT a tech level, but where it was trading pre February US NFP.
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