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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 AccessMNI Gilt Week Ahead
USDKRW is rallying today after a.........>
KOREAN WON: USDKRW is rallying today after a strong open with the pair trading
at 1117.0 and threatening to break back above neckline
support-turned-resistance. The 21 and 55-dmas also converge at 1120.0 and a
break back above here would suggest further gains.
- Manufacturing PMI came in at 49.9 today, up slightly from 48.3 in July but
marking the sixth consecutive month of a sub-50 reading.
- With the spread of US-Korea 2-year nominal and real swap rates continuing
their march higher, the fundamental outlook for the won is deteriorating
rapidly.
- Q2 final GDP, August CPI, and August reserves data are all scheduled to be
released tomorrow and could give some indication of the likelihood of BOK rate
hikes over the coming months. However, the pair is likely to remain more at the
mercy of global trends.
To read the full story
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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.