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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USDCLP Bounces After Reaching Lowest level Since November

LATAM FX
  • Mixed performances across regional currencies with BRL the clear outperformer, erasing much of Thursday’s losses and briefly printing at a fresh 6-month high.
  • The Chilean Peso is the worst performer after a volatile session to end the week. USDCLP briefly breached support at 793.46, the Jan 27 low and a bear trigger before aggressively reversing – buoyed by the continued pressure on risk sentiment stemming from geopolitical tensions.
  • MXN continues to consolidate at elevated levels but appears sheltered to global developments. Markets will keep an eye for a sustained move below 20.25 next week, with the next potential USDMXN target residing at 20.1196, the October lows.
  • Data docket substantially more full next week with mid-month inflation readings for both Mexico and Brazil.
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