Free Trial

Local Matters Limit KRW

DOLLAR-WON

The continued monitoring of the local COVID-19 backdrop by policymakers, alongside caution ahead of tomorrow's BoK decision (which will likely result in a downgrade to the Bank's immediate growth outlook) are combining to limit the KRW today, with spot holding a narrow range, last trading around the KRW1,186 mark.

  • No change in the technical backdrop that we flagged yesterday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.