BOC SAYS DON'T EXPECT RATES TO RETURN TO PRE-COVID LEVELS

MNI BRIEF: BOC Says Time For Rate Cut Is Nearing

BOC REITERATES TIME FOR RATE CUT IS GETTING NEARER

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

MNI: FED BALANCE SHEET TOTAL ASSETS -$40B TO $7.362T IN WEEK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

1 Month USD/KRW Holds Above 1270

KRW

1 month USD/KRW mostly held above the 1270 level post the Asia close on Tuesday but found selling resistance close to 1273. Lows early yesterday came in just under 1265, levels last seen in early June. Note onshore spot ended yesterday's session at 1268.95.

  • The softer equity tone to US markets, particularly in the tech space, likely aided the pair during NY trading. The SOX lost close to 2%, while the MSCI IT fared better, down closer to 1%.
  • To recap, the Kospi was 0.68% higher for yesterday's session, while offshore investors added $129.9mn to local shares.
  • The North Korean drone incursion will likely remain a focus point, although tensions with North Korea haven't impacted broader South Korean asset sentiment.
  • Earlier on the data front, manufacturing sentiment edged down to 68 from 69 prior. Non-manufacturing sentiment also dipped, falling to 72 from 77.
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.