MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

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

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

1 Month USD/KRW Pushes Above 1370 Amid Risk Off Tone

KRW
EM BulletHomepagemarkets-real-timeBulletMarketsEmerging Market NewsForeign Exchange Bullets

1 month USD/KRW has pushed comfortably above intra-session highs from Wednesday. We sit near 1372/73 in recent dealings, which is fresh highs back to May 2 (highs from that session came in just shy of 1380).

  • Spot won if off 0.75%, comfortably the worst performer in region so far. Sentiment is being weighed by the broader risk off tone in markets. US equity futures are down a further 0.35-0.45% following cash losses on Wednesdya.
  • Onshore equities are off a further 1%, with the Kospi back to late April levels and challenging the 100-day EMA.
  • Offshore investors have sold $767mn of local equities so far this week, curbing May to date inflows into $626mn.
113 words

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.

1 month USD/KRW has pushed comfortably above intra-session highs from Wednesday. We sit near 1372/73 in recent dealings, which is fresh highs back to May 2 (highs from that session came in just shy of 1380).

  • Spot won if off 0.75%, comfortably the worst performer in region so far. Sentiment is being weighed by the broader risk off tone in markets. US equity futures are down a further 0.35-0.45% following cash losses on Wednesdya.
  • Onshore equities are off a further 1%, with the Kospi back to late April levels and challenging the 100-day EMA.
  • Offshore investors have sold $767mn of local equities so far this week, curbing May to date inflows into $626mn.