TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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: Spot Near 1400, Sticking To Recent Ranges

KRW
EM BulletBulletSouth KoreaAPACEmerging Market News

Spot USD/KRW finished up extended Monday trade close to 1400. This left us 0.43% stronger in won terms for the session. We remain within recent ranges though as we oscillate between the higher 1380 to 1410 region. Won gains were roughly in line with USD index losses for Monday's session. 

  • We have already had the consumer sentiment report print for Nov, which edged down in terms of the headline, while inflation expectations were sticky at 2.8%. This comes ahead of the BoK meeting on Thursday, although no change is expected.
  • Later on today we get Oct retail sales, but this is typically doesn't move market sentiment.
  • The equity lead for the Kospi is marginally positive from offshore moves on Monday. The SOX index rose 0.65%, but the MSCI IT was down slightly at -0.20%. Broader sentiment in US and EU equity markets was mostly positive.
  • To recap, the Kospi continued to recover yesterday, but this hasn't been strongly correlated with won moves of late. Offshore investors ended Monday's session as modest net sellers of local equities. 
176 words

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.

Spot USD/KRW finished up extended Monday trade close to 1400. This left us 0.43% stronger in won terms for the session. We remain within recent ranges though as we oscillate between the higher 1380 to 1410 region. Won gains were roughly in line with USD index losses for Monday's session. 

  • We have already had the consumer sentiment report print for Nov, which edged down in terms of the headline, while inflation expectations were sticky at 2.8%. This comes ahead of the BoK meeting on Thursday, although no change is expected.
  • Later on today we get Oct retail sales, but this is typically doesn't move market sentiment.
  • The equity lead for the Kospi is marginally positive from offshore moves on Monday. The SOX index rose 0.65%, but the MSCI IT was down slightly at -0.20%. Broader sentiment in US and EU equity markets was mostly positive.
  • To recap, the Kospi continued to recover yesterday, but this hasn't been strongly correlated with won moves of late. Offshore investors ended Monday's session as modest net sellers of local equities.