MNI: EUROZONE FINAL NOV SRVCS PMI 49.5 (FLASH 49.2); OCT 51.6

MNI: GERMANY FINAL NOV SRVCS PMI 49.3 (FLASH 49.4); OCT 51.6

MNI: FRANCE FINAL NOV SRVCS PMI 46.9 (FLASH 45.7); OCT 49.2

MNI BRIEF: China Must Quicken Reforms To Boost Domestic Demand

MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI: ITALY NOV SRVCS PMI 49.2 (FCAST 50.8); OCT 52.4

MNI: SPAIN NOV SRVCS PMI 53.1 (FCAST 53.3); OCT 54.9

MNI: AUSTRALIA Q3 GDP +0.3% Q/Q

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Won Slips, Main Opposition Party Primary Results Due

KRW

Spot USD/KRW gapped higher at the reopen, printing best levels in two weeks, reacting to overnight demand for the greenback. The rate sits +3.50 figs at KRW1,186.15 and bulls look to a breach of Oct 18 high of KRW1,188.40, which would bring Oct 12 high of KRW1,200.35 into play. Bears need a fall through the 50-DMA at KRW1,175.41 before taking aim at Oct 26 low of KRW1,164.05.

  • USD/KRW 1-month NDF last seen at KRW1,187.50, marginally above neutral levels. Topside focus falls on Oct 18 high of KRW1,189.22, followed by Oct 12 high of KRW1,201.63. Conversely, bears set their sights on the 50-DMA at KRW1,178.04.
  • The main opposition People Power party will nominate their presidential candidate today, with the result of the intra-party primary coming up at 14:45 KST/05:45 GMT. The two front-runners are lawmaker Hong Joon-pyo and former Prosecutor General Yoon Seok-youl.
  • South Korea's BoP current account surplus widened to +$10.0677bn in September from +$7.5123bn recorded in August.
  • Worth noting that South Korea's labour market data will hit the wires on Wednesday.
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.