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Why MNI
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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 AccessUSDKRW has broken back above.............>
KOREAN WON: USDKRW has broken back above resistance at its 21-DMA and is trading
near its daily high at 1126.1. Won crossed are also pushing higher today, with
EURKRW trading at 1309.7, just below its 21-DMA.
- The biggest upside reversal has come in CNHKRW which is showing bullish
potential as the pair continues to rally after bouncing off support at 163.04 on
Monday. The cross is trading at 164.82 at present with next level of resistance
coming in at 166.66.
- KRWJPY has reversed all of Tuesday's gains to trade back down at 9.228,
breaking below its 21-DMA and shifting the focus to the downside.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.