Free Trial

USDKRW continues to trade in a...........>

KOREAN WON: USDKRW continues to trade in a contracting range around the 1121
level as both implied volatility and risk reversals close in on range lows
reflecting improving confidence in won stability. KRWJPY is showing much more
action with the pair breaking out of range highs in NY trading to extend the
recovery off the Jan 3 lows. CNHKRW has edged back from recent highs after last
week's bullish break, with the 200-dma now acting as support. 
- Swap rates are seeing some upside pressure with the 2-year adding 1bp to hone
in on the key 1.80% level. This comes as breakevens have continued to fall over
recent days, supporting real rates.

To read the full story



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.