MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Unemployment Falls, Covid Cases Surge

KRW

South Korean won leads gains in Asia EM space as easing geopolitical worry and reassuring local labour market data have outweighed continued surge in South Korea's Covid-19 infections.

  • Spot USD/KRW slipped this morning and last operates -3.40 figs at KRW1,196.55, with bears looking for a fall through the 50-DMA at KRW1,191.54 towards the 100-DMA at KRW1,186.78. Bulls need a clearance of Feb 11 high of KRW1,201.50 before targeting Jan 28 high of KRW1,207.25.
  • USD/KRW 1-month NDF last seen at KRW1,197.20, a touch lower on the day. Bears keep an eye on the 50-DMA at KRW1,194.01, with bulls looking to a move through Jan 28 high of KRW1,214.39.
  • South Korea's seasonally adjusted unemployment rate slipped to 3.6% in January from 3.8% prior, below the consensus forecast of 3.7%. The economy saw the largest annual gain in new jobs since 2000, when it was recovering from the Asian Financial Crisis.
  • South Korea's daily Covid-19 cases surged past 90,000 for the first time since the outbreak of the pandemic, as the Omicron variant continues to fuel a rapid spread of infections.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepageBulletMarketsEmerging Market NewsForeign 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.