- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessErosion In Broader Omicron Worry Outweighs Worsening Domestic Covid Situation
The won has appreciated today, owing to a dissipation in broader Omicron worry, even as domestic Covid-19 situation sparks concerns.
- Spot USD/KRW trades -3.70 figs at KRW1,176.00. Bears look for a break below its 100-DMA at KRW1,171.26, which would clear the way to Oct 26 low of KRW1,164.05. Bulls need a move through Dec 6 high of KRW1,186.95 before targeting Nov 29 high of KRW1,195.70.
- USD/KRW 1-month NDF last seen -1.50 fig at KRW1,176.00. The 100-DMA at KRW1,174.20 provides the initial bearish target, while bulls set their sights on Dec 6 high of KRw1,186.50, followed by Nov 26 high of KRW1,198.18.
- South Korea's Covid-19 situation continues to deteriorate, with daily case count eclipsing 7,000 for the first time since the onset of the pandemic. Critical cases reached another record high, while PM Kim noted that officials are working to add hospital beds in the capital area.
- FinMin Hong foreshadowed that the 2022 economic policy will revolve around supporting small merchants hit by the pandemic and boosting economic recovery. He added that the gov't will also focus on taming inflation and curbing household debt.
- During a separate meeting, Hong said that property prices have markedly stabilised thanks to a suite of housing supply, macroprudential and monetary policy measures.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.