MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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ZAR: Rand Regains Poise After Tuesday's Sell-Off

ZAR
EM BulletBulletEmerging Market News

Spot USD/ZAR has sold off, unwinding the bulk of gains registered yesterday on the back of jitters surrounding US President-elect Trump's tariff plans. In the absence of notable local data releases, the focus will be on a barrage of US data. When this is being typed, USD/ZAR trades at 18.1136, over 800 pips lower on the session.

  • From a technical standpoint, key support lies at 17.2711, the Nov 7 low. On the topside, the focus is on the 18.5 handle and Aug 5 high of 18.6850.
  • SAGBs are a tad firmer across the curve, with South Africa's 10-year breakeven inflation rate last seen at 5.23%.
  • The composite BBG Commodity Index sits 0.1% higher; the precious metals subindex is 0.9% better off.
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Spot USD/ZAR has sold off, unwinding the bulk of gains registered yesterday on the back of jitters surrounding US President-elect Trump's tariff plans. In the absence of notable local data releases, the focus will be on a barrage of US data. When this is being typed, USD/ZAR trades at 18.1136, over 800 pips lower on the session.

  • From a technical standpoint, key support lies at 17.2711, the Nov 7 low. On the topside, the focus is on the 18.5 handle and Aug 5 high of 18.6850.
  • SAGBs are a tad firmer across the curve, with South Africa's 10-year breakeven inflation rate last seen at 5.23%.
  • The composite BBG Commodity Index sits 0.1% higher; the precious metals subindex is 0.9% better off.