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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/KRW has moved lower in sympathy......>
KOREAN WON: USD/KRW has moved lower in sympathy with USD/Asia and last trades at
KRW1,154.85, -6.80 fig. Some are pointing to the imminent signing of U.S.-China
phase-one pact as supporting sentiment. On top of that, a recovery in S. Korea's
chip exports, reported in trade data for the first 10 days of Jan, supports KRW
(mind the base effect & volatility of prelim. figures while interpreting
though). Worth remembering that a poor U.S. jobs report was released after
onshore KRW trading closed on Friday and may have been pressuring USD/KRW today.
- The rate has briefly traded below a key support from a Jan 2 multi-month low
of KRW1,153.75. Bears are on alert for a clean breach of the level. The next
layer of support is provided by the Jul 1 low of KRW1,148.90. On the topside,
bulls need a break above Friday's high of KRW1,163.90 to gain some reprieve.
- There has been little follow through from the latest news flow re: North
Korea. Pyongyang issued some hawkish comments over the weekend, while a White
House off'l revealed that the U.S. has sought the resumption of bilateral talks.
- The local docket this week is headlined by South Korean unemployment
(Wednesday) and the BoK monetary policy decision (Thursday).
To read the full story
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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.