MNI BRIEF: Taiwan FX Reserves Down In July

MNI BRIEF: China Private Services PMI Up In July

MNI: PBOC Net Drains CNY300.9 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1345; -0.35% Y/Y

CHINA PBOC CONDUCTS CNY0.67 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1345 MON VS 7.1376

EZ PPI Offers Signs That Non-Energy Industrial Goods Drag Could Be Fading

MNI: EUROZONE JUN PPI +0.5% M/M, -3.2% Y/Y

MNI: UK FINAL JUL SERVICES PMI 52.5 (FLASH: 52.4); JUN 52.1

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDKRW has recovered all of the losses seen...>

KOREA
KOREA: USDKRW has recovered all of the losses seen earlier this week, closing
the gap left at the Monday open to trade at 1119.0, up ~0.5% on the day. KRWJPY
meanwhile has broken lower, losing almost 1% to suggest a topping pattern is in
progress. 
- The Kospi is down 1.6% as it follows Us futures lower, breaking below up
trendline support from the Oct 30 lows. This is putting intense downward
pressure on Korean rates, with the 2-year down 5.8bps at 1.84% and the 10-year
down 7bps at 1.86%. The curve is inverted from 6 months out to 9 years. 
- The re-widening of US-Korea real yield spreads strongly points to further
upside in USDKRW which should also benefit from any further risk-off sentiment.
MarketsFixed Income BulletsForeign Exchange Bullets
MarketsFixed Income BulletsForeign Exchange Bullets

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.