CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

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 Drifts Higher Amid Tech Equity Weakness, CPI Out Soon

KRW

1 month USD/KRW mostly tracked higher post the Asia close on Tuesday. We finished up the NY session near 1334. Note onshore spot finished Tuesday's session at 1334.5, so near by to these levels. Coming up shortly is Feb CPI data.

  • The 1 month USD/KRW NDF remains within recent ranges, although we aren't too far away from recent highs, while a push towards 1340 may draw more selling interest or fresh verbal rhetoric from the authorities.
  • Tuesday trade saw lower US yields post weaker ISM services data, but we also had weakness in tech related equity indices. The SOX and the MSCI IT index off a little over 2% for the session.
  • To recap, the Kospi finished a little over 0.90% down yesterday, while offshore investors were close to flat (+$12mn).
  • The market expects Feb CPI to print higher in y/y terms (headline is projected at 3.0% y/y, versus 2.8% prior). Core (ex food and energy) is expected to be steady at 2.5% y/y. The authorities had flagged in recent months the risk that near term inflation pressures tick up.
  • Earlier FX reserves were closed to unchanged for Feb at $415.73bn.
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.