FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Won Slumps To Fresh Cycle Lows

KRW

Spot USD/KRW re-opened sharply higher this morning, catching up with overnight risk-off flows. The rate deals +11.90 figs at KRW1,262.75, with bulls keeping an eye on Mar 23/19, 2020 highs of KRW1,282.60/1,296.75. Bears need a pullback under Mar 15 high of KRW1,244.00 to get some reprieve.

  • USD/KRW 1-month NDF last seen +1.50 fig at KRW1,262.56, with bulls looking to a rally towards Mar 23/19 highs of KRW1,279.46/1,287.59. Downside focus falls on Mar 15 high of KRW1,247.94.
  • SK Hynix operating profit more than doubled in Q1 to KRW2.86tn but missed the KRW3.15tn consensus forecast.
  • South Korea's consumer confidence edged higher to 103.8 this month from 103.2 prior, while households' inflation expectations for the 12 months ahead rose to +3.1% from +2.9%.
  • Business confidence will hit the wires tomorrow, as will retail sales data. Industrial output is due for release on Friday.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.