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

MNI China Daily Summary: Monday, December 9

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

MNI BRIEF: Mexico Inflation Down To 4.55% In November

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

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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 Holding Above 1330, Despite Strong Equity Inflows Last Week

KRW

1 month USD/KRW, spent the post Asia close on Friday above 1330. We spiked above 1335 post the stronger than expected US PPI print, but found selling interest. We closed at 1331 in NY, a won loss of 0.27%, but the pair was little changed for last week. Note onshore spot ended at 1335.55 on Friday.

  • The 20-day EMA is nearby, just under 1329. We have had a number of attempts to break sub this support level through Feb, but the dips have ended up buying opportunities in the pair. The 50-day EMA sits near 1323, also a support zone. The 100 and 200-day EMAs sit further south under 1320.
  • The equity lead is negative for Korean markets today, with US shares pulling back in Friday trade. We saw declines in both the SOX and MSCI IT indices on Friday.
  • To recap, the Kospi surged 1.34% on Friday, while offshore investors added +$256.4mn to local shares, bringing last week's net inflows to $1115.6mn.
  • A potential positive for local sentiment today is an expected positive re-opening of China markets post the LNY break, amid positive travel and spending trends over the past week.
  • Note the local data calendar swings back into gear tomorrow with Feb consumer confidence on tap.
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.