Free Trial

KRW Caution Evident

DOLLAR-WON

Little in the way of notable pressure on USD/KRW pre-BoK decision (which could hit any time now), with the cross hovering just above KRW1,185 at typing, leaving the technical backdrop unchanged vs. what we have outlined in recent sessions.

  • A reminder that all 22 surveyed by BBG look for the Bank to leave interest rates unchanged. Focus will fall on the broader growth outlook, with near term downgrades expected, in addition to focus on language surrounding the housing market and non-standard monetary policy measures.
  • Worries re: BoK caution and the local COVID-19 situation have limited the KRW in recent sessions.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.