MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

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

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD Index Unchanged, NZD Remains atop G10 Leaderboard

FOREX
  • G10 currency ranges remained predictably contained on Monday, with the closure of US markets for President’s Day offsetting any potential impact from China markets returning after the LNY break. The dollar index is unchanged as we approach the APAC crossover.
  • NZDUSD has consolidated its modest outperformance overnight. The pair was last 0.6145, marginally above Friday highs and continue to operate above the 20 and 50-day EMAs of 0.6120/6135. Continued strength could see a test of the highs from Jan 31 at 0.6174. As noted earlier, local bank BNZ pushed back the timing of RBNZ cuts to November from August, as well as the services PMI rebounding to 52.1 in Jan, from 48.8 prior. With AUD lagging somewhat, AUDNZD has drifted back towards the notable 1.0600 pivot point.
  • For USDJPY, despite drifting lower in early session to 149.88 lows, the pair traded with a more supportive tone and stands closer to 150.20 as Monday’s holiday thinned session comes to a close. Speculation continues around the BoJ NIRP exit. The latest MNI policy insight is at this link, which looks at the chances of a shift at the March meeting.
  • Above here, 151.43, the November 16 high remains the focus, inching ever closer to the multi-decade highs at 151.95. Initial support moves up to 148.75, the 20-day EMA.
  • RBA minutes will be the highlight of Tuesday’s APAC docket before the focus turns to Canadian CPI for January.
Energy BulletsCommodities
Energy BulletsCommodities

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.