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 Weaker For Fourth Day

KRW

Won is weaker again, USD/KRW approaching the top of yesterday's range. USD/KRW last up 1.95 at 1171.30, bulls will look for a clear break above yesterday's high of 1171.65 before targeting the 2021 high at 1181.10. Support is seen at 1157.35 a 23.6% retracement level.

  • On the coronavirus front there were 1,892 new cases in the past 24 hours, down from over 2,000 in each of the past two days. The agriculture ministry said earlier it has set aside KRW 20bn to offer rebates to users of food delivery apps to promote social distancing and support local restaurants, the scheme will start on Wednesday.
  • Looking ahead markets await a BoK report on financial and FX markets, while Vice FinMin Lee holds weekly meeting on inflation and growth strategy which could yield some comments.
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.