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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 AccessVaccination Plan To Be Announced Later Today
Won is weaker at the open, adding to Friday's losses with chatter of local importers buying USD. USD/KRW last up 0.60 at 1177.30. The pair sees support at a 23.6% retracement level 1161.50.
- On the coronavirus front there were 2,383 new cases in the past 24 hours, the spike in new cases triggered health authorities' jitters over a possible shortage of hospital beds for treating seriously ill virus patients and the government is said to be mulling further tightening of social distancing rules. Health authorities plan to announce their Q4 vaccination plan later today after cases rose above 3,000 last week following the Chuseok holidays. The PM spoke over the weekend and said South Korea will still be able to carry out its plan for a phased return to normal life, starting in late October, despite the recent surge in infections.
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.