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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessMNI BRIEF: China Likely To Grow By 5% In 2024 - Advisor
MNI: PBOC Sets Yuan Parity Lower At 7.1006 Fri; -5.61% Y/Y
MNI China Press Digest Feb 02: Yi Gang, Pork, Loans
USDKRW has extended recent gains with....>
KOREAN WON: USDKRW has extended recent gains with the pair up another 0.2% today
at 1126.5. Down trendline resistance from the 2016 highs comes in around 1135,
above which would suggest further upside. While USDJPY held up the face of
global equity weakness, KRWJPY is under pressure, testing support at its 21dma.
- Today's USDKRW upside has been accompanied by a rise in implied volatility
after a period of divergence, leaving the won open to further upside. Korea's 10
year CDS has also seen some renewed upside after recent declines as tightness in
US credit markets resumed yesterday.
- In terms of real yield spreads, falling US real rates have helped spreads move
back in Korea's favour over recent days, reducing some of the fundamental
pressure on the won. However, USDKRW remains below fair value based on the
historical relationship with real yield spreads suggesting medium term upside
risks.
- Foreign reserves rose to US$405.5bn from US$403.7. Meanwhile Yonhap reported
yesterday that South Korea's finance minister expects weak employment data in
January due mainly to a high base effect amid an economic slowdown.
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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.