Free Trial

USD/KRW Rangebound On Tuesday, PPI Ticks Higher In August

KRW

USD/KRW ticked higher albeit in narrow ranges on Tuesday, the pair see-sawed around the 20-Day EMA (1325.91) for the most part.

  • The pair finished dealing at 1328.50 rising ~0.1% on the day.
  • Technically the pair remains in an uptrend, bulls target a break of 2023 highs at 1343.10 opening up the 1350 handle. To turn the tide bears focus on the 200-Day EMA (1307.95).
  • On the wires early this morning August PPI printed at 1.0% Y/Y. The prior read was revised lower to -0.3% Y/Y.
  • Looking ahead the data docket is empty for the remainder of the week.

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.