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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Trade Deficit, Tariffs and Debt Limits
MNI ASIA MARKETS ANALYSIS: Tsy Yields Rising Ahead Year End
MNI China Daily Summary: Friday, December 27
MNI US OPEN - Gaza Ceasefire Deal at Risk, Israel Shifts Focus
1 Month USD/KRW Close To 1320, Trade & PMI On Tap Today
1 month USD/KRW stuck to recent ranges post the Asia close, finding selling interest in the 1325/26 region, before pulling back to 1320 by the close, amid broad USD weakness. Note onshore spot ended yesterday at 1326.35, amid higher USD/CNH levels late yesterday. The simple 200-day MA continues to act as a topside resistance point for both spot and the 1 month NDF.
- Today we have May trade data. The market expects export growth at -16.3% y/y, versus a revised -14.3% from Apr. Imports are forecast at -14.3% y/y, versus -13.3% prior. The trade deficit is projected at -$2530mn, versus -$2654mn prior.
- Also note the May PMI is due, the prior print coming in at 48.1.
- In the equity space, the SOX fell 2.7%, the MSCI IT dipped -0.90%, as part of a broad equity market pullback. To recap, the Kospi fell -0.32%. Offshore investors still added $277.1mn to local equities though in the final trading session of May.
To read the full story
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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.