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KRW:  KRW Slips on USD Strength. 

KRW
EM BulletBulletSouth KoreaAPACEmerging Market News
  • USD/KRW is up at 1479.15 in Seoul morning; versus yesterday’s close of 1475.55.
  • The Won remains well above all technical levels despite evidence of intervention.  The 20-day EMA is being dragged higher at 1438.74 and all technical indicators are looking bearish for the Won.   
  • Bloomberg Asia dollar spot index is down by -0.09% and the Bloomberg Dollar spot index is up +0.04%.
  • USD/KRW one-month implied volatility is up this morning to 9.68%, versus 8.92% for yesterday’s close.
  • Korea's 10-year bond yield is at 2.91%.
  • Korea 5 yr USD CDS at 36bps (Tuesday’s close 35bp, 5-year low 17bps in 2021).

Headlines

  • South Korea’s Parliament to Vote on Impeaching Acting President (source: BBG).
  • South Korea’s Business Confidence Tumbles by Most Since Pandemic (source: BBG).

Economic Data

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  • USD/KRW is up at 1479.15 in Seoul morning; versus yesterday’s close of 1475.55.
  • The Won remains well above all technical levels despite evidence of intervention.  The 20-day EMA is being dragged higher at 1438.74 and all technical indicators are looking bearish for the Won.   
  • Bloomberg Asia dollar spot index is down by -0.09% and the Bloomberg Dollar spot index is up +0.04%.
  • USD/KRW one-month implied volatility is up this morning to 9.68%, versus 8.92% for yesterday’s close.
  • Korea's 10-year bond yield is at 2.91%.
  • Korea 5 yr USD CDS at 36bps (Tuesday’s close 35bp, 5-year low 17bps in 2021).

Headlines

  • South Korea’s Parliament to Vote on Impeaching Acting President (source: BBG).
  • South Korea’s Business Confidence Tumbles by Most Since Pandemic (source: BBG).

Economic Data

Keep reading...Show less