Free Trial

Citi Sound Cautious On Scope For Further KRW & TWD Outperformance

ASIA FX

Citi note performance in KRW & TWD has been “fuelled by tech-related inflow (post-Nvidia earnings). USD/KRW closed near KRW1,315 support. AI demand hasn't yet offset the downcycle in semiconductors, and fundamentals remain weak, so those moves may be short-lived. If further bear steepening is seen in USD rates, KRW and TWD are likely to struggle to perform as low yielders. China’s weakness is another factor, with Korea export data remaining weak.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.