CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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 Close To Recent Highs, Finance Minister To Discuss Export Measures

KRW

1 month USD/KRW finished the Wednesday NY session at 1315, which is not too far recent highs. Note onshore spot ended yesterday at 1310.75. Post the Asia close won sentiment was weighed down by weaker equity sentiment in the tech space, while higher USD index levels into the NY close were also evident.

  • The local data calendar is quiet until tomorrow when the February BoP goods balance and current account figures print. There are no consensus estimates for these outcomes.
  • Note today Finance Minister Choo Kyung-ho will hold a meeting to discuss export measures. Nuclear envoys from South Korea, Japan and the US will hold meetings in Seoul today and tomorrow.
  • South Korean President Yoon will also address a joint session of congress in late April (27th) as part of his US trip.
  • In the equity space, the SOX lost 1.8% on Wednesday, as it continues its recent correction lower. The MSCI IT lost 1.23%.
  • To recap, the Kospi rose 0.59% yesterday, with offshore investors adding $128.1mn to local stocks. This was the first daily inflow since the end of March.
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.