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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.
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Spot USD/KRW changes hands at KRW1,203.00, little changed on the day, with the won holding a narrow range so far. Bulls need a clean break above Jan 28 high of KRW1,207.25 before taking aim at Jun 17, 2020 high of KRW1,218.60. Bears look for a pullback under Feb 23 low of KRW1,189.85.
- USD/KRW 1-month NDF last -2.55 figs at KRW1,204.39. Downside focus falls on the 100-DMA at KRW1,189.44, with bulls setting their sights on KRW1,214.39, which capped gains on Jan 28.
- Seoul pledged participation in international export controls on Russia, with the finance ministry discussing the scope and level of measures.
- The latest Gallup presidential poll saw ruling Democratic Party candidate Lee take a narrow lead over main opposition People Power Party's Yoon but it essentially remains a neck-and-neck race.
- South Korea's docket for next week features trade balance (Tuesday), industrial output (Wednesday), GDP (Thursday) & CPI (Friday).
To read the full story
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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.