MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Seoul Covid Count In Focus

KOREAN WON

USD/KRW has meandered around neutral levels, amid little to push the rate either way. It last trades at KRW1,184.95, little changed on the day.

  • Yonhap reported that South Korea and the U.S. started their joint military drill, scaled-back due to the coronavirus pandemic.
  • Seoul's Covid-19 case count continues to draw attention, amid concerns about resurfacing infections in the greater capital region.
  • The rate hovers just above its multi-month lows, with bears looking for a dip through Aug 13 low of KRW1,181.65. This would expose Mar 5 low of KRW1,179.90. Topside focus falls on Aug 10 high of KRW1,189.10, a break here would open up Aug 3 high of KRW1,196.05.
  • Worth watching the 50-DMA, which is heading towards the 200-DMA and now sits just above it.
  • South Korea reports trade data for the first 20 days of Aug on Friday.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.