Free Trial

USD/KRW Edging Higher Despite Fresh Verbal Jawboning

KRW

USD/KRW only dipped briefly as the South Korean Finance Minister delivered a fresh round of verbal jawboning ('USD/KRW rising fast' and will take steps if moves are one-sided were the quotes). The pair dipped under 1395, before edging to fresh cyclical highs around 1396.50.

  • The authorities may get more pro-active around 1400, or if we see a sharp break through this level.
  • Not helping are higher USD/JPY levels (+0.20% to 143.35/40), while UST yields have also ticked higher a touch. The Kospi is down slightly for the session.

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.