MNI China Daily Summary: Wednesday, June 19

MNI BRIEF: Rate Changes Affect Eurozone More Than US Firms-ECB

MNI BRIEF: BOJ May Real Export Index Drops 1.4% M/M

MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

US MBA: REFIS -0.4% SA; PURCH INDEX +2% SA THRU JUNE 14 WK

MNI: US MBA: MARKET COMPOSITE +0.9% SA THRU JUN 14 WK

MNI: EUROZONE APR CONSTRUCTION OUTPUT -0.2% M/M, -1.1% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

USD/KRW Shrugs Off South Korean Consumer Confidence

KOREAN WON

USD/KRW oscillates around neutral levels, last sits at KRW1,196.65, with
yesterday's after-hours ebbs and flows in USD providing little in the way of
any outright impetus at the re-open. Locally, South Korea's consumer
confidence improved to 84.2 from 81.8, which represented the third consecutive
increase in the index. Worth noting that the index remains at depressed
levels, far from pre-coronavirus levels.

  • A breach of Jul 28/7 lows of KRW1,190.45/1,189.80 would expose Jun 11 low
    of KRW1,188.60. Meanwhile, a rally above Jul 24 high of KRW1,203.10 would
    shift focus to Jul 17 high of KRW1,206.95.
  • Eyes are on tomorrow's South Korean Business Survey and Friday's
    industrial output.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign 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.