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FOREX: G10 & KRW Stronger Against Greenback

FOREX
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KRW and AUD have been the largest movers against the US dollar during APAC trading today with both 0.2% stronger against the greenback. The BBDXY USD index is down slightly but has been moving within a narrow range.

  • USDKRW is currently down 0.2% to 1467.35 after initially rising to 1475.45 following continued political instability and a fatal plane crash on Sunday. The investigators into former president Yoon are requesting a warrant for his arrest after his failed attempt to impose martial law early in December. Public authorities have stated that they will act if needed to ensure financial market stability. Korean equities are rallying.
  • AUDUSD is up 0.3% to 0.6231, close to the intraday high, as iron ore rises above $100/t again. There are few local events this week. Later today RBA assistant governor (financial system) Jones appears.
  • NZDUSD is 0.1% higher at 0.5643, close to today’s peak. AUDNZD is 0.1% higher at 1.1040.
  • USDJPY has been moving in a narrow range to be down moderately to 157.79. Only the final estimate of the December Jibun Bank manufacturing PMI was released with a 0.1 upward revision to 49.6.
  • European currencies are slightly higher against the USD with EURUSD at 1.043 and GBPUSD 1.2584.
  • Equities are mixed with the Hang Seng up 0.2% and KOSPI +0.9% but ASX down 0.5% and Nikkei -0.8%. The S&P e-mini is down 0.1%. Oil prices are higher with WTI +0.1% to $70.68/bbl. Copper is up 0.3% and iron ore is around $100.50/t.
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KRW and AUD have been the largest movers against the US dollar during APAC trading today with both 0.2% stronger against the greenback. The BBDXY USD index is down slightly but has been moving within a narrow range.

  • USDKRW is currently down 0.2% to 1467.35 after initially rising to 1475.45 following continued political instability and a fatal plane crash on Sunday. The investigators into former president Yoon are requesting a warrant for his arrest after his failed attempt to impose martial law early in December. Public authorities have stated that they will act if needed to ensure financial market stability. Korean equities are rallying.
  • AUDUSD is up 0.3% to 0.6231, close to the intraday high, as iron ore rises above $100/t again. There are few local events this week. Later today RBA assistant governor (financial system) Jones appears.
  • NZDUSD is 0.1% higher at 0.5643, close to today’s peak. AUDNZD is 0.1% higher at 1.1040.
  • USDJPY has been moving in a narrow range to be down moderately to 157.79. Only the final estimate of the December Jibun Bank manufacturing PMI was released with a 0.1 upward revision to 49.6.
  • European currencies are slightly higher against the USD with EURUSD at 1.043 and GBPUSD 1.2584.
  • Equities are mixed with the Hang Seng up 0.2% and KOSPI +0.9% but ASX down 0.5% and Nikkei -0.8%. The S&P e-mini is down 0.1%. Oil prices are higher with WTI +0.1% to $70.68/bbl. Copper is up 0.3% and iron ore is around $100.50/t.