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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.
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Free AccessUSDKRW is off its highs at 1130 but......>
KOREAN WON: USDKRW is off its highs at 1130 but remains up 0.4% on the day
following broad based dollar gains on the back of the Fed's hike. The pair deals
at 1127.7 still searching for direction.
- The dollar's gains came despite a further drop in yields as falling breakevens
keep real rates elevated. That said, Korea saw an even larger drop in breakevens
yesterday which has seen real yield spreads move in favour of the won in recent
trading.
- Korean CDS markets refuse to follow US corporate yields higher which remains a
key factors keeping the won firm relative to prior periods of global risk
aversion.
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.