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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.
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Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/KRW Testing Fresh Highs
USD/KRW spot is breaking higher, last at 1353, fresh highs from a cyclical standpoint. Yesterday the pair opened around 1352 before moving lower. Today's headwinds reflect broadly firm USD sentiment, weaker onshore equities, with the Kospi off by 1.7% so far. Note also offshore investors have sold just under $280mn of onshore equities so far today.
- Earlier data was generally disappointing, with the August trade deficit at record wides, export growth continued to ease, while the PMI slipped further into contraction territory.
- We wait now to see if this move in spot evokes a response from the authorities.
To read the full story
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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.