MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

US Treasury Auction Calendar

Coming up in the Asia-Pac session on Monday

MNI DATA FORECASTS: RBA, Riksbank In Focus

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
AUD

AUDUSD Lower Again In Early Trading On Weaker Commodities

NZD

Pressured In Early Trade

JPY

Falls On Amamiya For BoJ Governor Report

MNI

Coming up in the Asia-Pac session on Monday

ASIA

Coming up in the Asia-Pac session on Monday

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

​Positive Momentum Continues As 1370 Gives Way In The 1 Month NDF

KRW
EM BulletHomepageBulletMarketsEmerging Markets NewsForeign Exchange News

The won continues to trade on the front foot, with the 1 month NDF testing the 1370 level. This is around 0.35% sub NY closing levels, while onshore spot is around 1% lower on yesterday's close (in USD/KRW terms).

  • The won is outperforming the majors, where higher beta pairs like AUD and NZD are modestly lower against the USD. Higher USD/CNH levels is not impacting sentiment either, this pair last around 7.2550, +0.35% above NY closing levels.
  • CNH/KRW is close to 6.8% down on early October highs.
  • Onshore equities are around to +1% firmer for the Kospi, so that is adding to the positive momentum.
105 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The won continues to trade on the front foot, with the 1 month NDF testing the 1370 level. This is around 0.35% sub NY closing levels, while onshore spot is around 1% lower on yesterday's close (in USD/KRW terms).

  • The won is outperforming the majors, where higher beta pairs like AUD and NZD are modestly lower against the USD. Higher USD/CNH levels is not impacting sentiment either, this pair last around 7.2550, +0.35% above NY closing levels.
  • CNH/KRW is close to 6.8% down on early October highs.
  • Onshore equities are around to +1% firmer for the Kospi, so that is adding to the positive momentum.