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Inflation data due at 7:00BST

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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First 20-Days Of November Trade Data On Tap

KRW

1 month USD/KRW finished last week just under 1340. This was close to the onshore spot close. The early focus today will be on first 20-days trade data for November. The first 10-days data showed negative y/y momentum for export growth and a reasonable trade deficit (-$2.05bn).

  • Also note the BoK will release data on residents FX deposits, while Finance Minister Choo will hold a press briefing.
  • From an equity market standpoint, the Friday lead in the tech space was just positive but stalled during last week from a trend perspective. Offshore investors added $87.8mn to local shares last Friday, but weekly net flows were negative at -$282.4mn.
  • The other focus point will be tensions with North Korea, with the South Korean military running bombing strike drills in response to last week's reported ICBM test launch by North Korea.
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