MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

1 Month USD/KRW Back Sub 1300 On Improved Risk Appetite

KRW

1 month USD/KRW is down in early dealings, last around 1299/99, after ended last week at the 1306 level. This puts the pair 0.60% firmer in won terms so far today. Spot sits in the 1300 range/01 region. Onshore equities were down in early trade, but now sit back in positive territory (+0.05% for the Kospi).

  • The news of UBS's take over of Credit Suisse, coupled with efforts to boost USD funding by major central banks, has supported risk appetite in early dealings today. Higher US equity futures (+0.6% for Eminis) are offsetting the rebound in US yields so far today.
  • Such developments are likely to dominate won sentiment today, which will be a key gauge for broader EM Asia FX sentiment.
  • Locally, there is little in the way of event risks, with PPI for Feb due tomorrow, along with the first 20-days of trade data for March.
  • North Korea announced that it conducted a nuclear counterstrike exercise over the week, which was supervised by leader Kim Jong Un.
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.