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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USDKRW continues to trade in a tight.....>
KOREAN WON: USDKRW continues to trade in a tight range around the 1130 level,
currently at 1129.5, around the centre of its recent range. The won is holding
up in the face of renewed widening in US-Korea 2-year interest rate swap spreads
which currently trade just off cycle highs at 116.5bps.
- The recent pullback in Korean CDS spreads has provided some support for the
won, as has the collapse in oil prices which has seen Korean breakevens plunge
in recent weeks, keeping upside pressure on real yields even as nominal yields
drop.
- As a major net energy importer the fall in oil is much more beneficial for the
Korean economy compared to the US.
To read the full story
Sign up now for free trial access to this content.
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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.