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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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Free AccessBack On A Positive Footing As Equities Stabilize
1 month USD/KRW is back to the low 1400 region, down 0.30% on NY closing levels. We got close to 1413 earlier. Local equities are back to slightly positive for the Kospi, aided by a rebound in US futures.
- Earlier, South Korean President Yoon stated that the country will strive to maintain current account surpluses, and that the government will spur efforts to encourage capital inflows.
- Recall earlier in the week onshore media reported the authorities are looking at changing taxes on offshore investments to encourage repatriation back into the local currency.
- Comments also came from BoK Governor Rhee, which are likely to reinforce market views around a 50bps hike week.
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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.