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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 edged higher today to trade...>
KOREAN WON: USDKRW has edged higher today to trade at 1110.0 but the bearish
trend remains intact while ever prices remain below neckline
support-turned-resistance at 1117.0.
- Rate markets continue to trade in a very quiet fashion ahead of the BOK's
Friday rate meeting, although slight weakness has been seen today with the curve
shifting down roughly 1bps across the board.
- With US 2-year yields rising further yesterday, the US-KR 2-year swap spread
hit a new multi-year high of 96bps. This is happening alongside a narrowing of
inflation expectations between the two countries.
- The upshot is that the rate picture is turning increasingly bearish for the
won in contrast to the constructive technical picture.
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.