MNI BRIEF: US Treasuries Seen Increasingly Risky-JH Paper

MNI: FED’S POWELL: TIME HAS COME FOR POLICY TO ADJUST

MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Won Firms Despite Fresh All-Time High In Covid-19 Infections

KRW

Spot USD/KRW has operated below neutral levels in a muted Asia-Pac session dominated by uncertainty ahead of Fed's monetary policy decision. The pair last sits -1.50 fig. at KRW1,197.05, with bears setting their sights on the 50-DMA at KRW1,188.27, followed by the 100-DMA at KRW1,182.69. Conversely, bulls need a push through Jan 7 high of KRW1,203.90 to assume control.

  • USD/KRW 1-month NDF last seen at KRW1,198.15, a touch higher on the day. A clearance of Jan 24 high of KRW1,201.03 would encourage bulls to target Jan 6 high of KRW1,207.50. Conversely, bears look for a fall through KRW1,183.78, which limited losses on Jan 13.
  • South Korea's consumer confidence inched higher this month, according to the latest BoK. The index rose to 104.4 from 103.9 recorded in December, consolidating in the territory above the 100 breakeven level.
  • The daily count of Covid-19 infections topped 13,000 for the first time, as South Korea battles a wave of infections driven by the Omicron variant.
  • The BoK will publish the results of their business survey tomorrow, with South Korea's retail sales & industrial output due for release on Thursday.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.