MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

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

Won Holds Familiar Range, Yellen Arrives In South Korea

KRW

Spot USD/KRW has edged higher in early dealing to last trade at KRW1,319.00, up 1.70 fig. on the day. Overnight deterioration in risk sentiment seems to be the driver. Topside technical focus remains on KRW1,326.65, a recent cyclical high. Bears would be pleased by a fall through the 50-DMA/Jun 27 low at KRW1,283.63/1,280.65.

  • USD/KRW 1-month NDF last seen at KRW1,318.40, a touch lower on the day. Bears keep an eye on the 50-DMA/Jun 28 low at KRW1,282.16/1,279.75. Bulls look to a jump towards Jul 15 cycle high of KRW1,329.02.
  • BoK & FSC chiefs agreed to tighten policy coordination to ensure macroeconomic and financial market stability, as elevated volatility remains a concern.
  • U.S. Tsy Sec Yellen has touched down in Seoul and will hold talks with President Yoon, FinMin Choo & BoK Gov Rhee.
  • South Korea's trade data for the first 20 days of the month will hit the wires on Thursday, with PPI coming up on Friday.
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.