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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
1 month USD/KRW was range bound post the Asia close, not getting too far away from the 1300 level (we closed in NY just under 1301). Note onshore spot ended yesterday at 1302.90.
- The local data calendar remains empty today, but BoK Governor Rhee will hold the bi-annual inflation briefing at 10am local time. Tomorrow, the focus will rest on the first 20-days trade data for December.
- Elsewhere, the equity lead for the Kospi is once again negative, with tech indices continuing to track lower, now down for the fourth straight session.
- To recap, the Kospi lost 0.33% yesterday, while offshore investors sold -$40.9mn. Still the won has outperformed the softer equity trend in recent weeks, see the chart below.
Fig 1: USD/KRW 1 Month Versus Kospi
Source: MNI - Market News/Bloomberg
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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