Free Trial

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.

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.