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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.
KRW
The won continues to gain, USD/KRW now at 1097.90, down 3.50 on the session. Bears look for a break of 1095.75, the Jan 15 low, before focusing on 1093.30 and 1089.95. The cycle low for the rate is 1080 which was approached but not breached several times in late 2020 and early 2021.
USD/KRW Key Levels
- Comments President Moon Jae-in have hit the wires, Moon calls for additional efforts to tackle the labour market. "I would like the government to take this employment situation seriously and urgently seek extraordinary measures," said Moon at a Cabinet Meeting. Moon said the government will create 900k jobs by the end of Q1, he also said the government will provide full support for the private sector to maintain jobs.
- In the latest labour market report the number of unemployed rose to 1.5 million, losing around 1 million jobs in the month of January. The seasonally adjusted unemployment rate hit an 11-year high at the January data, rising to 4.6% from 4.1%
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.
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