Free Trial

USDKRW extended its gains yesterday......>

KOREAN WON
KOREAN WON: USDKRW extended its gains yesterday closing at 1128.5 as the Aug 14
high of 1138.6 comes into focus. 
- The won is under pressure from the continued decline in rate expectations,
with 2-year KRW swaps yielding just 1.8275%, the lowest rate since October 2017
and now 107bps inside the US. Even in real terms Korean yields are now trading
inside the US as the fundamental outlook continues to favour won weakness. 

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.