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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.
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Free AccessMNI BRIEF: BOJ Tankan To Show Slipping Sentiment
MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday
DOLLAR-WON: USD/KRW last trading at KRW1,163.50, 5...>
DOLLAR-WON: USD/KRW last trading at KRW1,163.50, 5 points or so higher on the
day, just back from session highs.
- Softer than expected Chinese PMI data gave USD/KRW the impetus to break
through resistance in the form of the March 10 2017 high at KRW1,162.98, with
bulls now looking to January 2017 resistance area at ~KRW1,170, with a break
opening up the nearby 61.8% retracement of the move from KRW1,245.20 to
KRW1,054.45 at KRW1,172.33.
- Earlier in the day, domestic Y/Y industrial production data missed exp., while
the M/M metric beat. This came after the latest round of business survey data
printed at near-enough stable levels, while disappointing earnings from Samsung
has applied weight to the KOSPI index, as analysts attempt to judge the impact
of the ongoing trade war for chipmakers.
- South Korea will observe the Labour Day holiday on Wednesday.
To read the full story
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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.