CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/KRW has traded within a familiar.....>

KOREAN WON
KOREAN WON: USD/KRW has traded within a familiar range, either side of
KRW1,160.00. It opened higher in a delayed reaction to strong U.S. housing
starts data released on Friday, but has eased off since, drawing some support
from a stronger yuan. The rate last operates -1.70 fig. at KRW1,157.80.
- The last few days saw USD/KRW trade sideways, with the rate hovering above its
multi-month lows. Bears look for a fall through the Jan 14 low of KRW1,150.65.
Such a move would encourage them to focus on KRW1,148.90, the low of Jul 1.
Conversely, bulls look to recoup the 50-DMA at KRW1,170.44. 
- North Korea reportedly replaced Ri Yong Ho with a former military officer Ri
Son Gwon as its Foreign Minister, possibly amid a broader political reshuffle.
The move has not been confirmed by North Korean state media yet.
- On Tuesday, South Korea reports its PPI and trade data for the first 20 days
of January. Preliminary GDP data for Q4 will be published on Wednesday.
MarketsForeign Exchange Bullets
MarketsForeign 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.