MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Familiar Themes Still Driving Won Gains

KRW

The outperformance of the won continued. The 1 month USD/KRW fell 1.30% yesterday, with the pair getting close to 1370 late in NY before rebounding and closing at 1374.60. There is a cluster of lows from mid-September around the low 1370 region, while further on the downside is the 100 day EMA at 1366.77. Note onshore spot ended yesterday at 1385.

  • Familiar drivers are still in play for the won, with further gains for tech related shares overnight (SOX +2.15% & MSCI IT +1.20%), likely to help onshore equity sentiment in the first part of trading.
  • To recap, the Kospi rose a further 1.15% yesterday to 2399, putting the index above its 100-day EMA. Offshore investors added +$270.2mn to local shares yesterday.
  • Earlier, the unemployment rate held steady at 2.8% for October, against expectations of 2.9%. Jobs growth eased further though to 2.4% y/y, from 2.6% y/y last month.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.