Free Trial

USD/KRW has edged higher, albeit.........>

KOREAN WON
KOREAN WON: USD/KRW has edged higher, albeit sticking to yesterday's range so
far. Yonhap reported that South Korea's top nuclear envoy has arrived in the
U.S. or talks with U.S. officials, as inter-Korean relations remain strained.
- The rate last sits +3.25 fig. at KRW1,217.25. A breach of the 100-DMA allows
bulls to set their sights on Jun 3 high of KRW1,220.05, followed by the 50-DMA
at KRW1,222.27. On the flip side, a retreat under Jun 12 low of KRW1,203.35 is
needed to expose the 200-DMA at KRW1,196.85.
- South Korea's economic docket for the remainder of this week is empty.

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.