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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 UST Issuance Deep Dive: Dec 2024
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Won Extends Losses After BoK Decision, USD Strength
The dust has settled after the BoK hiked their benchmark interest rate by 25bp on Thursday, with spot USD/KRW catching a bid on the back of rhetoric pointing to accommodative policy environment and gradual tightening outlook, which came alongside one dissenting vote for leaving the rate on hold.
- Spot USD/KRW last sits +2.70 figs at KRW1,173.15, with bulls keeping an eye on Aug 20 cycle high of KRW1,181.10. Bears look for a sell-off past yesterday's low of KRW1,163.50 towards the 50-DMA at KRW1,148.76.
- USD/KRW 1-month NDF last seen +2.35 figs at KRW1,173.55. Topside focus falls on Aug 20 cycle high of KRW1,184.78, while the next downside target is provided by Aug 25 low of KRW1,163.78.
- Lawmakers will quiz ex-BoK board member & FSC Chair nominee Koh Seungbeom during a parliamentary hearing today.
- South Korean economic docket for next week includes industrial output (Tuesday), trade balance & Markit M'fing PMI (Wednesday) as well as monthly CPI & final Q2 GDP (Thursday).
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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.