Free Trial

USDKRW has fallen today in line with the......>

KOREA: USDKRW has fallen today in line with the weakness seen in the USD late
last week and the renewed strength in the yuan this morning. The pair is testing
S-T support at its July 4 low of 1,112.50. A break below this level could
potentially trigger a reversal pattern with 1,100 the next level of support. 
- This week will see the release of Unemployment, Money Supply, Import and
Export Prices, as well as the BOK's rate decision on Thursday, where analysts
unanimously expect a rate hold.
- Recent won firmness is coming in the face of a continued widening of yield
spreads in the USD's favour, with the 2-year swap spread now at 88bps, testing
2006 highs. 

To read the full story



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.