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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Sets Yuan Parity Higher At 7.1942 Fri; -1.48% Y/Y
MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise
After breaking below neckline support and.....>
KOREA: After breaking below neckline support and the 55-dma USDKRW is
consolidating at 1114.0. The next level of support comes in at 1100.0 and bears
certainly have the momentum as the yuan rallies and the dollar looks weak
globally. Bulls would need to close back above the 55-dma, currently at 1117.5,
to shift the focus back to neutral.
- The won's strength continues to defy the fundamentals as US-Korea 2-year
nominal and real swap spreads trade at multi-year highs.
- The BOK is set to hold a rate meeting on Friday with the majority of analysts
expecting a hold but also seeing some indication of a hike in Q4. Hawkish
comments would be needed to justify the won's continued rally from a fundamental
perspective.
To read the full story
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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.