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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 BRIEF: Won Weakens Ahead Of BOK Policy Meeting This Week
A weaker South Korean won may add pressure on the Bank of Korea ahead of a monetary policy meeting later this week in which the central bank is expected to hold steady.
The won slipped 0.23% in Asia on Tuesday, according to data on Yahoo Finance.
Close observers of the BOK note that officials have assessed the risks of higher housing prices and financial imbalances as close calls against a pick-up in Covid-19 infections in the run up to the Aug. 26 meeting.
The BOK left its benchmark rate unchanged at an historical low of 0.5% in July.
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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.