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SOUTH KOREA

BoK Growth Forecast Could Be At Risk

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  • USDNOK jumps to 1.30% on the session, following another round of broader base buying in USD.
  • US Treasuries and Equities are falling after Fed Bullard's (non voter, voter in 2022, neutral) comment that Powell has officially opened Taper discussion

MNI tech:

  • EURUSD approaches next immediate support at 1.1871/67 2.0% 10-dma envelope / Low Apr 9
  • Cable test support at 1.3858 Low May 6