MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Can't Break Above 1320, Technical Set Up Still Supportive

KRW

1 month USD/KRW finished the NY session on Friday in the 1312/13 region. Post NFP highs were near 1320, before the pair dipped sharply back to 1305. Note onshore spot ended last week at 1315.65.

  • This leaves the 1 month NDF clustered around key EMAs, with both the 100 and 200 day just under 1312. The technical backdrop for the pair still looks supportive, with generally higher lows seen late 2023. Note the 20-day EMA comes in at close to 1302.5.
  • The local data calendar is second tier until Thursday's BoK decision. No change is expected from the central bank.
  • The other focus point will be further shelling from North Korea near the sea boundary with South Korea, which took place yesterday. This follows similar action on Friday, which prompted South Korea to order the evacuation of Yeonpyeong island, which sits close to the border between the two countries.
  • In the equity space, sentiment was better in US tech indices on Friday, with the SOX up 0.63%, while the MSCI IT rose 0.16%, with both indices recording gains for the first time in 2024.
  • The Kospi lost -0.35% on Friday, but offshore investors still added nearly $75mn to 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.