MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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 Off Highs On Tech Equity Rally, Trade & CPI Figures In Focus This Week

KRW

Friday night highs in 1 month USD/KRW were just above 1428, but we finished the session just under 1422. The won was aided into the close by firmer tech equity sentiment, which helped offset stronger USD sentiment amid a rebound in yields. Note spot ended last at 1421.60.

  • To recap, the Kospi lost 0.90% on Friday, but was still +2.5% higher for the week. Offshore investors added $800mn to local stocks for the week.
  • On the data front, just released industrial production figures for September were weaker than expected, dipping -1.8% m/m, although the August fall was revised slightly higher to -1.4%, versus the originally reported -1.8%. Y/y growth continued to slow, now at 0.8%, the softest pace in a year.
  • The cyclical leading index improved slightly to -0.1 form -0.2. Retail sales fell 1.8% m/m for September.
  • Note tomorrow trade figures print for October, also out is the manufacturing PMI print for the same month. Then CPI figures are due on Wednesday.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign 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.