MNI BRIEF: Canadian Firms' Price Plans Lowest In 3 Yrs- CFIB

MNI China Daily Summary: Thursday, June 27

MNI BRIEF: CNB Cuts 2W Repo Rate By 50Bps To 4.75%

MNI BRIEF: China EU In Close Communication - MOFCOM

MNI BRIEF: China To Hold Key Third Plenum On July 15-18

EC Expected Employment Continues To Gradually Soften

Core Durables Remain Soft, Reinforcing Subdued Goods Production Outlook

Canada April Payroll Wage Growth Slows To 3.7%, Employment -0.1%

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Won Off Session Highs As Virus Cases Drop Amid New Restrictions

KRW

The won coming off worst levels as South Korea reports new coronavirus cases under 1,000 for the second day.

There were 869 new cases reported today. New restrictions announced recently to close ski slopes and tourist attractions will be in effect from Thursday until Jan 3.

  • Seoul is currently under level 2.5, the second highest in a five-tier scheme, as authorities continue to weigh the pros and cons of adopting level 3 rules, the rest of the country is under level 2.
  • Restrictions will also apply to private gatherings of five or more people, while restaurants and nursing homes will face tighter social distancing rules.
  • USD/KRW last up 2.25 at 1105.15, off session highs at 1107.15 – exactly at short term trend channel upper resistance, lows at 1103.50. Near term resistance is seen at the December high of 1108.90 (hit Dec 1) with more significant resistance at 1109.75. Support is seen at trend channel lower at 1095.82 and 1090.
BulletEM BulletEmerging Market NewsForeign Exchange BulletsMarkets

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.