MNI BRIEF: US GDP Growth Slowed More Than Expected In 4Q

MNI: ECB CUTS KEY DEPOSIT RATE BY 25 BP TO 2.75%

MNI: GERMANY Q4 FLASH GDP -0.2% Q/Q, -0.2%Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100 BPS TO 13.25%

MNI: Fed Statement Comparison - January vs. December

MNI INTERVIEW2: New NBH Chief Must Clarify Reaction Function

US EIA:NAT GAS STORAGE -321 BCF TO 2,571 BCF JAN 24 WK

MNI: US NAR DEC PENDING HOME SALES INDEX 74.2 V 78.5 IN NOV

MNI: US Q4 GDP +2.3%

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

KRW: USD/KRW Under Wednesday Lows As BoK Holds

KRW
EM BulletBulletSouth KoreaAPACEmerging Market News

Spot USD/KRW didn't move much initially on the surprise BOK hold, but has gained more traction in recent dealings. We were last around 0.35% stronger in won terms, last near 1450.5. This is sub intra-session lows from Wednesday. Earlier Jan lows of 1444.8 may be targeted on a further extension lower. 

  • Helping the won is a positive regional and local equity market backdrop. The Kospi is up +1.2% in early dealings. Offshore investors have added +200mn to local shares today. Broader USD sentiment is also softer, with USD/JPY back near 156.00, another won positive.
  • We wait to hear more details on the BoK on hold decision and the outlook for the next few months, but financial stability concerns may have played a role today, which is benefiting the won.  
129 words

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.

Spot USD/KRW didn't move much initially on the surprise BOK hold, but has gained more traction in recent dealings. We were last around 0.35% stronger in won terms, last near 1450.5. This is sub intra-session lows from Wednesday. Earlier Jan lows of 1444.8 may be targeted on a further extension lower. 

  • Helping the won is a positive regional and local equity market backdrop. The Kospi is up +1.2% in early dealings. Offshore investors have added +200mn to local shares today. Broader USD sentiment is also softer, with USD/JPY back near 156.00, another won positive.
  • We wait to hear more details on the BoK on hold decision and the outlook for the next few months, but financial stability concerns may have played a role today, which is benefiting the won.