Free Trial

USDKRW briefly broke above the 1124......>

KOREAN WON
KOREAN WON: USDKRW briefly broke above the 1124 level in early trading but has
edged off its highs. Bulls look to target 1130 for a break above triangle
resistance. KRWJPY has shrugged off the move higher in global stocks to trade in
the centre of its recent range. 
- Real yield spreads are moving back in the dollar's favour which appears to be
outweighing the broader risk on sentiment which has seen Korean CDS spreads test
multiyear lows. 
- The finance ministry noted that it is ready to deploy contingency plans to
calm RFX markets is volatility increases, suggesting that narrow range trading
will remain in place. 

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.