MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

CHINA PBOC CONDUCTS CNY676 BILLION VIA 7-DAY REVERSE REPOS TUE

CHINA SETS YUAN CENTRAL PARITY AT 7.1328 TUE VS 7.1313

MNI BRIEF: Fed's Powell Says Neutral Rate Has Likely Risen

Asia Sovs Little Changed, BI Rate Decision Wednesday

Multiple Factors Likely To Keep Chip Exports Supported In Coming Months

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

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 Slips In Morning Trade

KRW

Spot USD/KRW jumped in early trade, lodging best levels in a month. The rate last sits +2.80 figs at KRW1,239.40. Topside technical focus falls on KRW1,244.00, a cycle high printed on Mar 15. Bears look for a sell-off past Apr 14 low of KRW1,222.95.

  • USD/KRW 1-month NDF last seen at KRW1,239.23, a touch lower on the day. Bears look for losses past Apr 13 low of KRW1,222.27, while bulls keep an eye on Mar 15 high of KRW1,247.94.
  • The IMF slashed its 2022 GDP outlook for South Korea to +2.5% Y/Y from +3.0% and revised the inflation outlook sharply higher to +3.1% Y/Y from +0.9%.
  • South Korea's PPI will hit the wires tomorrow morning, with preliminary trade data due a few hours later.
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.