MNI BRIEF: Aussie Unemployment At 4.2%, Job Creation Strong

MNI: PBOC Net Injects CNY570.6 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY577.7 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1399; +1.94% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1399 THURS VS 7.1415

MNI China Daily Summary: Wednesday, August 14

MNI:AUSTRALIA JUL UNEMPLOYMENT RATE +4.2%

Australia June Unemployment Rate 4.1%

MNI BRIEF: Japan Q2 GDP Grows 0.8% Q/Q, Stronger Than Expected

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Tech Equity Gains Curb USD/KRW Upside, Unemployment & Bank Lending Due

KRW

1 month USD/KRW was volatile through the US CPI print, dipping sub 1305 before rebounding sharply to 1317. We closed the NY session near 1311.6, down slightly from end Monday levels. Note onshore spot ended yesterday at 1313.90.

  • Won sentiment was aided by a generally positive US equity backdrop. The SOX rose a further 0.70% for Tuesday's session, the MSCI IT gained just over 0.80%. These moves outperformed aggregate index trends at the margin.
  • To recap, the Kospi rose 0.39% yesterday and remains comfortably above the 2500 level. Offshore investors added +$55.5mn to local stocks.
  • On the data front, we have already had Nov trade prices print. Import prices fell -4.1% m/m, down -8.5% y/y. Export prices fell -3.2% m/m, -7.2% in y/y terms. The y/y tredns remain similar to Oct.
  • Coming up soon is the Nov unemployment rate, then later bank lending to households.
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