September 18, 2024 02:16 GMT
KRW: USD/KRW lower in Morning's Trading, All Eyes on the FED.
KRW
- USD/KRW is lower at 1333.55 in Seoul this morning; versus yesterday's close of 1342.
- Bloomberg Asia dollar spot index is lower by 0.05% at the open and the Bloomberg Dollar spot index is 0.12% lower.
- USD/KRW one-month implied volatility is down this morning to 9.2950%, versus 9.31% close yesterday.
- Korea 5 yr USD CDS at 32bps (yesterday close 32bp, 5-year low 17bps in 2021).
Headlines
- The Bank of Korea is believed to delay its base rate cut until November, as it monitors household debt levels despite moderating inflation. (source: Yonhap News).
- South Korea is “positively expecting” the country’s bonds to be included in a key global debt index next month, a senior government official says. (source: Bloomberg)
Data Releases
- None today
- Next major release September 23 – Export and Import data
Government Bond Auction
- None
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