CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

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 On Fed Repricing, Officials Step Up Market Monitoring

KRW

Spot USD/KRW has crept higher despite stepped up warnings from local financial officials, with recent Fedspeak encouraging participants to add hawkish FOMC bets. The pair last changes hands +3.75 at KRW1,310.65, with bulls looking to an attack on Jul 12 high of KRW1,316.45. Bears look for a slide through the 50-DMA & Jun 27 low coinciding near the KRW1,280 figure.

  • USD/KRW 1-month NDF last seen at KRW1,309.90, nearly 6 figs higher on the day. Bullish focus falls on Jul 12 high of KRW1,316.20, with bears keeping an eye on Jul 8 low of KRW1,292.23.
  • Vice FinMin Bang warned that the authorities will actively tackle herd behaviour in the financial markets amid heightened volatility. The official noted that the 50bp rate hike announced by the BoK yesterday helped stabilise the local financial market.
  • South Korea's terms of trade will hit the wires tomorrow.
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.