MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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 To Fresh YTD Highs, Onshore Markets Closed Until Next Wednesday

KRW

1 month USD/KRW tracked higher post the Asia close. By the NY session we had got to 1357.50, fresh YTD highs, before pulling back somewhat into the close. We ended just under 1354, a modest won loss versus end Tuesday levels. Note spot USD/KRW closed yesterday at 1349.40.

  • Note that onshore markets are closed from today, re-opening next Wednesday. This is to celebrate the Harvest Moon period.
  • Late yesterday, the South Korea FinMin stated the authorities stand ready to act on FX if needed. This will remain a watch point for investors. The 1 month NDF will still trade but won't have onshore spot as anchor point while onshore markets are closed for the next few sessions.
  • Earlier headlines from North Korea stated it will accelerate modernization of nuclear weapons for strategic deterrence and that increasing production of nuclear weapons is an urgent task.
  • In the equity space, we had slightly better tech indices leads in Wednesday US trade. To recap, the Kospi finished a touch higher yesterday, while offshore investors sold a modest -$26.1mn of local shares.
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.