Free Trial

CNH & KRW Firmer

ASIA FX

USD/CNH has found selling interest in the first part of today's session. The pair is back to the low 6.9000/50 region, around 0.25% firmer in CNH terms for the session so far. It is being joined by the won. 1 month USD/KRW is down 0.50% to the 1303/04 level, putting the back below the 100-day MA (1307.70). Other USD/Asia pairs are lower as well, but not to the same degree as the won.

  • Cross asset trends are fairly muted at this stage, with US yields and equity futures not moving a great deal. The USD is down against the majors, with higher beta plays AUD and NZD outperforming slightly.
  • Coming up, 30mins post the USD/CNY fixing, is the Caixin services PMI print.

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.