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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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Free AccessWon Treads Water, DPRK Confirms ICBM Test
Spot USD/KRW trades flat at KRW1,218.75 with participants assessing a slew of familiar developments. A break above Mar 22 high of KRW1,223.55 would bring Mar 15 high of KRW1,244.00 into play. Meanwhile, a drop below KRW1,211.05, which limited losses on Mar 23, would shift focus to Mar 18 low/50-DMA at KRW1,207.00/1,205.24.
- USD/KRW 1-month NDF last -2.69 figs at KRW1,218.91. Bears look for a slide through the 50-DMA, which intersects with Mar 18 low at KRW1,207.60. Bulls look to a rally above Mar 15 high of KRW1,247.94.
- North Korea confirmed "successful" test-launch of Hwaong-17 ICBM this morning drawing international condemnation. The drill was overseen by Supreme Leader Kim Jong Un and represented the DPRK's first firing of an ICBM since 2017. U.S. Secretary of State Blinken held consultations with his counterparts from Japan and South Korea as the test threatens to escalate already heightened geopolitical tensions in the region. South Korea's President-elect Yoon will discuss the matter with Chinese President Xi later today.
- Focus turns to consumer confidence (Tuesday), industrial output & BoK Business Survey (Thursday) as well as trade balance & S&P Global M'fing PMI (Friday).
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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.