MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI: FRANCE NOV CONSUMER SENTIMENT 90

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI: RBNZ CUTS OCR 50BP TO 4.25%

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

Unfazed By In-Line BoK Decision, Daily Covid-19 Case Count Surges Above 500

KRW

Spot USD/KRW re-opened lower and last deals at KRW1,106.50, 2.10 fig. worse off on the day, despite worrying coronavirus situation in South Korea. The rate has shown little reaction to the in-line monetary policy decision from the BoK.

  • Bears look for a dip through Nov 18 low of KRW1,103.90 before taking aim at the psychological KRW1,100.00 figure. Bulls keep an eye on Nov 13/20 highs of KRW1,116.70/75.
  • South Korea's daily Covid-19 case count surged to the 8-month high of 583, as sporadic clusters of infections sweep across the country.
  • 801 exporters polled by the Korea International Trade Association said that KRW1,133 per dollar is their pain threshold between profits and losses.
  • The BoK left its main policy rate unchanged at 0.5%, in line with a virtual consensus of analysts. BoK Gov Lee will hold a press briefing at 11:20am local time.
  • Elsewhere, Chinese Foreign Min Wang meets with South Korean Pres Moon today.
EM BulletBulletMarketsEmerging 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.