CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

KRW On Track For Fifth Weekly Decline

ASIA FX
  • CNH: Offshore yuan hugged a very tight range as onshore Chinese markets reopened after a week-long holiday. The PBOC set their central USD/CNY mid-point at CNY6.4604, 15 pips above sell-side estimate. The yuan showed a muted reaction to the release of China's Caixin Services PMI, which unexpectedly returned into expansion.
  • SGD: Singapore dollar continued to hug its narrow range, there were reports that the US and Singapore have signed an MOU on growth and innovation.
  • KRW: Won is weaker, on track for its fifth weekly decline. Vice FinMin Lee said that South Korea plans to take active actions to stabilise inflation as price growth is expected to accelerate in the near term.
  • TWD: Taiwan dollar is weaker, markets look ahead to trade balance figures today. A soaring trade surplus means Taiwan is likely to stay on the US treasury's FX manipulator watchlist when the next report is released.
  • MYR: Ringitt gained, the Dewan Rakyat has approved the 12th Malaysia Plan without any opposition following a four-day debate.
  • IDR: Rupiah is weaker, consumer confidence gauge compiled by Danareksa Research Institute improved to 76.4 in September from 71.2 prior. Bank Indonesia's own consumer confidence index, which rose to 95.5 in September from 77.3 prior.
  • PHP: Peso rose, Philippines eased travel rules for minor and the vaccinated elderly. During the session Diokno says he's not worried about the nation's debt.
  • THB: Baht declined, the Tourism Authority of Thailand (TAT) said that domestic tourism industry's revenue is expected to plunge to THB328bn this year, but may rebound to 50% of its 2019 level next year. Coronavirus cases above 10k for a second day.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.