Trial now
BOJ

BoJ Makes Rinban Purchase Offers

SOUTH KOREA

Yoon Leads Lee In Presidential Survey

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Spot USD/KRW has edged lower in early trade, last sits at KRW1,166.65, down ~1 fig. A slide through the 100-DMA at KRW1,155.07 would open up Sep 6 low of KRW1,154.00. On the flip side, a rebound above Oct 22 high of KRW1,180.40 would shift focus to Oct 18 high of KRW1,188.40.

  • USD/KRW 1-month NDF last seen at KRW1,167.80, ~1 fig lower on the day. Bears look for a fall through the 100-DMA at KRW1,159.85, while bulls keep an eye on Oct 22 high of KRW1,181.32.
  • Pres Moon met with his ex-rival Lee to form a united front ahead of the 2022 election. The ruling party picked Lee to run for Moon's successor. Elsewhere, leading opposition candidate Hong vowed to ditch a military deal with the North.
  • South Korea's consumer confidence recovered further to 106.8 in October from 103.8 recorded in September, with outturns above 100 indicating that optimists outnumber pessimists.
  • The BoK's Business Survey will hit the wires on Friday, as will industrial output.