Free Trial

USDKRW is trading flat following the..........>

KOREA
KOREA: USDKRW is trading flat following the three-day holiday, currently at
1115.4. Mixed messages by BOK's Lee earlier today, who noted that monetary
easing needs to be reduced but also that the inflation rate and job market are
not appropriate to raise rates, struck a neutral tone.
- The Kospi has resumed the break by adding to gains, with the index now at its
highest level since June at 2341. The 21-day rolling correlation between the won
and the Kospi remains highly positive at 0.44 suggesting the stronger stock
market should support the won. 
- Interest rate swaps are edging lower in sympathy with US markets, with the KRW
2-year swap trading at 1.9325%. The US-Korea 2-year spread remains near cycle
highs at 88bps. 

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.