Free Trial

Won Moderately Weaker On Tuesday, Unemployment Rate Falls

KRW

USD/KRW rose ~0.2% on Tuesday as broader USD trends dominated flows.

  • Technically we sit a touch below the 20-Day EMA (1325.25), bulls target a break of the measure opening up high from 2 May at 1342.95. Bears first target the 200-Day EMA (1304.04).
  • April Unemployment Rate ticked lower to 2.6% from 2.7%. A rise to 2.9% had been expected.
  • The March Current account balance printed at $267.9mn improving from February's deficit of $518.4mn.

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.