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Why MNI
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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 Access1 Month USD/KRW Back To 1340, YTD Highs Within Sight
1 month USD/KRW finished the NY session at 1341, +0.58% for Tuesday's session. The pair spending the post Asia close tracking higher, moving up with USD/CNH. USD/KRW 1 month is right around May highs, although is sub late April highs near 1344, which marked YTD highs as well. Spot finished yesterday onshore at 1338.85.
- Weaker equity leads from major indices may weigh at the margin for the Kospi, although tech related indices outperformed slightly (MSCI IT up 0.06%, SOX down -0.13%). The Kospi finished close to flat yesterday, while offshore investors added +$121.5mn to local shares.
- The local data calendar is quiet today.
- Earlier the Finance Minister held a meeting to discuss measures to boost exports, with the minister noting that R&D, financial support is needed for the display sector. The minister meets with consumer groups later today (2pm local time).
- President Yoon will also hold a summit with Canadian PM Trudeau in Seoul today.
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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.