MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

US EIA:NAT GAS STORAGE +50 BCF TO 2,333 BCF APR 12 WK

MNI: US NAR: MAR EXISTING HOME SALES 4.19M SAAR

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Won Rises On Dollar Weakness, Firmer Business Sentiment & Hawkish BoK Speak

KRW

Spot USD/KRW retreated today, catching up with yesterday's losses in the greenback. The rate last operates -6.35 figs at KRW1,128.40, with bears looking for losses past the 200-DMA at KRW1,122.95. Bulls keep an eye on Jun 21 high of KRW1,138.90.

  • USD/KRW 1-month NDF last -3.68 figs at KRW1,128.36. A fall through Jun 16 low of KRW1,116.59 would please bears, while bulls look for a jump above Jun 21/May 17 highs of KRW1,139.00.
  • As a reminder, BoK Gov Lee signalled Thursday that the BoK's current monetary policy stance is "significantly accommodative" and normalisation will begin "at an appropriate time this year," triggering a re-pricing of the timing of rate hikes.
  • Sentiment among South Korean manufacturers improved to 99 in Jul from 97, according to the latest BoK Business Survey, approaching the breakeven level of 100.
  • Yonhap reported that South Korea's ex-Prosecutor General Yoon will formally announce his presidential bid next week. Yoon has taken the lead in several opinion polls ahead of the 2022 election.
  • FinMin Hong holds a meeting with ruling party officials today to debate economic policies for the second half of the year.
  • Looking ahead, South Korean industrial output hits the wires Wednesday, trade balance & Markit M'fing PMI come out Thursday, while CPI is due Friday.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.