MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

1 Month NDF Underperforms USD Weakness

KRW

1 month USD/KRW finished the NY session around 1340.50, little changed from Monday levels. Moves towards 1341 did draw selling interest, but the won generally underperformer softer USD trends elsewhere, particularly post the pull back in US yields. Note onshore spot ended yesterday at 1341.85.

  • There is no data on the calendar today, with FX reserves released early tomorrow. Late yesterday the BoK mins showed a variety of opinions but didn't appear to be any hawkish pushback to the on hold outcome. Focus should also be paid to FX movements noted one member.
  • On the geopolitical front, the respective national security heads from South Korea and Japan will meet ahead of Kishida's visit this coming Sunday.
  • The lead for the Kospi is negative today, albeit with tech related indices falling less than 1% in terms of the SOX and MSCI IT. To recap, the Kospi rallied just under 1% yesterday, with strong offshore inflows, +$375.4mn for the first trading day of the month (onshore markets were closed on Monday).
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.