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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 is off to a strong start today....>
KOREAN WON: USDKRW is off to a strong start today as Friday's dollar strength
spills over into Monday, with the pair trading at 1130.1, just off its opening
highs. The won's real effective exchange rate dipped back from cycle high on
Friday but remains elevated even as Korean stocks trade near multi-year low
valuations.
- Markets continue to focus on any indication that the BOK will hike at its
month-end meeting, with import and export price data due tomorrow and money
supply and unemployment data due Wednesday potentially giving an indication of
the impact of the recent equity declines on the real economy.
- Rate markets continue to point to a materially weaker won as US-Korea real
yield spreads continue their relentless push higher.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.