Free Trial
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.
KRW
The won is among the best performers in Asia as the greenback holds its declines, USD/KRW is lower for the first time in 5 days. There is some chatter of local exporters selling US dollar.
- Risk sentiment is positive in South Korea with the KOSPI rising 0.66% after declining a total 0.83% so far this week. Risk sentiment is supported by reports that South Korea is close to an agreement with Novavax for the purchase of 10m Covid-19 vaccines, to add to a total 56m vaccines from other producers. It is hoped South Korea will have access to the Novavax product in Q2. New cases have fallen again, now below 600 for a 3rd day.
- Markets shrugged off the jobless data earlier in the session. The unemployment rate rose to 10-year high of 4.6% in December from 4.1% in November – the jump in the unemployment rate denotes the highest number of jobs lost in two decades at 628k.
- Finance Minister Hong Nam-ki released a statement saying difficulties in the labor market are likely to persist through February and pledged to do more to combat it.
- USD/KRW last down 4.65 at 1095.10, moving in a narrow range after opening lower.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok