Free Trial

USD/KRW To Fresh Weekly Highs

KRW

1 month USD/KRW continues to recover, the pair last around 1354, +1% since the open. This is slightly above recent highs from last Thursday. From here the 100-day EMA comes at 1362. Support levels are near 1335 in recent sessions.

  • Kospi losses have extended, now to -1.3%, while spill over has also been evident from higher USD/CNH levels (7.1650/7.17000, +0.55%). China Covid concerns are dominating most asset classes in the first part of trading this 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.