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$1B CDP Launched; $18.55B Priced Monday

SWITZERLAND

CHF LIBOR FIX - 18-05-2021

EUROZONE

EUR LIBOR FIX - 18-05-2021

JAPAN

JPY LIBOR FIX - 18-05-2021

GBP

UK LIBOR FIX - 18-05-2021

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.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com