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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.
KRW
The won is weaker in early trade, pressured by a jump in virus cases. South Korea reported 1275 cases in the past 24 hours after 1212 yesterday. These figures are the highest since December which has fanned fears of a fourth wave of the pandemic. Yesterday health authorities decided to extend current distancing curbs in the greater Seoul area for one week but warned of further tougher measures unless the current situation is brought under control. USD/KRW is up 4.00 at 1142.00, the highest since March. The 2021 high at 1145.20 is in touching distance and the rate has now broken through a descending trendline in place since March.
- Fig.1: USD/KRW
Source: MNI/Bloomberg
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.
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