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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 AccessOfficials Acknowledge Severity Of COVID-19 Wave
The won has given back some of its gains after moving higher at the open, USD/KRW last down 1.25 at 1116.15, off session lows at 1113.75. Bond futures hold near session highs, last up 37 ticks at 126.84.
- Acknowledging the severity of the coronavirus situation in the country officials have said it is possible that new case numbers could double in the next 1-2 weeks, and that a situation worse than the third wave is possible.
- Officials also said that raising the social distancing level is possible if needed. South Korea earlier announced it will maintain current social distancing measures, while an announcement of stricter measures in infection hotspots is pending. In an effort to stem cluster infections at risk-prone facilities, authorities decided to suspend the business of clubs, bars and other entertainment establishments in Seoul. There were 671 new cases today, down from 700 yesterday which denoted the highest since early January. Authorities have been grappling with the rising number of new cases sparked by increased spring travel and loosened vigilance against the virus and warned previously that enhanced virus curbs may be adopted to flatten the curve. The health ministry said it will decide officially over the weekend whether to resume the use of the AstraZeneca vaccine after suspending it for those under 60 earlier this week.
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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.