MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Following Broader USD Trends, President Yoon's Trip To The US (Next Week) Coming Into Focus

KRW

Apart from a brief dip sub 1312 in early trading, 1 month USD/KRW has stuck to recent ranges. The pair last just above 1316. This is in line with broader USD swings, with major dollar indices higher now. On the topside for USD/KRW, focus is likely to rest on any retest of the 1320 level, which could bring the 200-day MA back into focus (1324.68).

  • Outside of a President Yoon interview with Reuters, local news flow has been fairly light. The President spoke about potential military aid to Ukraine, tensions with North Korea and the Taiwan issue (see this link). This comes ahead of Yoon's trip to the US next week.
  • We may get more headlines later from the BoK, as the Deputy Governor from the central bank attends a conference on Korean potential growth.
  • In the cross asset space, local equities are a touch firmer, outperforming weaker trends in HK/China. Still, offshore investors have sold $100mn of local equities today.
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.