Free Trial

USDKRW as bounced off support at 1132....>

KOREAN WON
KOREAN WON: USDKRW as bounced off support at 1132 which marks yesterday's mini
breakout level, to trade at 1134 currently, with bulls remaining firmly in
charge amid a choppy uptrend. Bears need a close below 1132 to arrest the steep
dollar rally. 
- Yesterday's PPI figures, which came in at 2.6% for June up from 2.2% in May,
do not really strengthen the case for a rate hike. Markets are still pricing in
one 25bps hike in H2, but the rate spread with the US continues to widen,
undermining the won.

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.