Free Trial

USDKRW continues its bullish reversal off.....>

KOREA
KOREA: USDKRW continues its bullish reversal off of Wednesday's lows, trading at
1129.25, as interest rate swaps edge lower for the third consecutive session.
The main factor weighing on the won today appears to be ongoing weakness in the
yuan, as correlations between the two currencies have picked up once again. 
- While Korea's economic fundamentals remain sound, with its current account
surplus coming in at a healthy US$7.4bn in June, external factors continue to
dominate the outlook for the won, with broad-based dollar strength the main
headwind. In trade-weighted terms, the won continues to hold up. 

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.