MNI BRIEF: Dissent To June ECB Cut Highlights Inflation Risks - Accounts

MNI INTERVIEW2: New UK Govt's Growth Boost Little Help For OBR Projections

MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

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 Testing Below 1330, Amid Broad Equity Gains, BoK Mins Out Later

KRW

1 month USD/KRW mostly tracked lower post the Asia close on Monday. Broader USD softness, aided by lower US yields helped. Early trends today are for further won gains, with the pair back to the low 1330/high 1329 region. Note onshore spot is back under 1332, around 0.30% stronger in won terms for the session so far.

  • Broader 1 month USD/KRW ranges remain intact though. The 20-day EMA doesn't come in until the 1325 region.
  • Local equity sentiment has started Tuesday trade positively. The Kospi up 1%, although we have pared gains slightly now. This follows firm tech related gains in US trade, with both the SOX and MSCI IT up around 1% for Monday's session.
  • The real US 10yr yield dipped 7bps (to 1.78%), aiding sentiment in this space and also curbing USD gains.
  • The local data calendar has Dec retail sales/department store sales out today, which are not typically a market mover.
  • Note later on we get the BoK minutes of the Jan policy meeting.
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.