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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
1 Month USD/KRW Back Close To Downside 50-day MA Test
1 month USD/KRW saw a brief spike above 1320 post the payrolls print in US trade on Friday. However, this proved short-lived with the pair closing back under 1316 by the close. Friday's session was a South Korean holiday, but the 1 month NDF mostly tracked lower, while Thursday's closing level in spot was 1322.60.
- The equity lead for the Kospi is a positive one today, with the SOX (+2.25%) and MSCI IT (+2.45%) indices both performing strongly through Friday's session. Risk appetite was generally on the front foot post the US NFP print.
- Won bulls will eye a test of the simple 50-day MA, which comes in around 1313. Note the 200-day MA sits higher, just above 1326.
- The local data calendar is quiet today, with Wed delivering Mar goods balance and current account figures, along with the Apr unemployment rate.
- There will still be some focus on Japan PM's trip to South Korea today, with Kishida set to meet with South Korean business leaders before returning to Japan.
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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.