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Why MNI
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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD/KRW Tracks Recent Ranges, Headline CPI Expected To Moderate Next Week
USD/KRW 1 month got close to 1425 overnight, but we ended the NY session just above 1421. Yesterday's range was roughly 1415/1425, while onshore spot ended the session at 1417.70. A broad turnaround in the USD, coupled with a softer equity tone dampened won sentiment but we remain very much within recent ranges.
- US tech futures are down, following disappointing earnings results. We also had the SOX (-1.50%), and the MSCI IT (- 1.09%) lose ground overnight. Yesterday, the Kospi rose +1.74%. Note further earning results are due for the local bourse today.
- Offshore investors added $357.2mn in net inflows yesterday, bringing week to date inflows to $907.4mn. For October as a whole net inflows are just above $2bn.
- Earlier, the South Korea Finance Minister stated October inflation likely eased back to a 5% level for the second consecutive month, mainly due to lower oil prices. Note this data prints next Wednesday.
- Also out next week is October trade figures, due Tuesday.
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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.