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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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Free AccessUSD/KRW has slid from the off and last...>
KOREAN WON: USD/KRW has slid from the off and last trades -5.70 fig. at
KRW1,219.40. The rate has just breached its 50-DMA at KRW1,220.36, which shifts
bearish focus to Apr 10/Mar 27 lows of KRW1,206.90/1,205.20. Further losses
would expose the psychological KRW1,200.00 level. Bulls need a rebound above Apr
21/2 highs of KRW1,240.90/1,242.55 to get some impetus.
- On the data front: South Korea's industrial output released this morning
topped expectations, both on a Y/Y and M/M basis.
- On the geopolitical front: U.S. Pres Trump reiterated today that he withes
North Korean leader well, but again refused to offer any detailed commentary.
South Korea's Unification Min called reports re: Kim's health "fake news".
- On the epidemic front: per Yonhap's calculation "South Korea reported fewer
than 15 cases of the new coronavirus for the 10th day in a row on Tuesday", with
over 80% of patients cured form the disease.
- South Korea's trade balance will be released on Friday. The country will be
off for a holiday-elongated weekend from Apr 30.
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.