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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.
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Free AccessMNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
MNI INTERVIEW2: Poland To Push For EU Defence Fund
1 Month NDF Back Close To 1250
1 month USD/KRW finished Friday's NY session just above 1247, +1.9% higher for the session. This move was in line with higher beta FX pairs in the G10 space, as the USD saw broad based support post the payrolls data. The pair hasn't been above 1250 since the first part of January, so this level could be watched on the topside, particularly with fresh yen weakness in the first part of the trading session. On the downside, the 20-day EMA comes in close to 1239.
- The data calendar is empty today, but the Financial Supervisory Service Governor, Lee Bok-hyun does meet with local media.
- The equity lead is negative for the Kospi following US falls on Friday. Tech indices didn't underperform greatly though (SOX -1.9%, MSCI IT -0.92%).
- To recap, the Kospi ended last week at 2480.40, +0.47% for Friday's session, but close to unchanged for the week. Offshore investors added $1.1bn to local stocks last week, with $475.6mn added on Friday's session.
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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.