Tag Archives: USD/KRW
The Global Macro Pulse
AUDUSD has drifted off of its overnight high of 0.8942 to trade at 0.8882 at the time of writing. Both EURUSD and USDJPY are slighly lower from their New York levels, trading at 1.3513 and 101.43.
The Global Macro Pulse
FX price action has diverged from equities. AUDUSD has rallied 1.5% from its Asia open in response to the shift by the RBA to neutral from a bias to ease.
The Global Macro Pulse
The dollar has nudged stronger in Asia. USDJPY is up at 102.37 and AUDUSD is a bit lower at 0.8750. EURUSD has chopped around 1.3486 for most of the Asian morning.
EUR retreating, USD & JPY advancing.
EUR/USD: The new Friday low didn’t become minor at all as the marketcontinued to trade in a very heavy way. The past days priceaction also made January end
USD/KRW Analysis
The pair continues to surge higher to hit fresh session high of Krw1,084.4 before retracing to Krw1,082 but rebounds quickly to Krw1,083.4 last.
The Global Macro Pulse
Markets are closed for the lunar new year holiday in China, Hong Kong, Taiwan, Indonesia, Singapore, Vietnam, and Korea. Elsewhere, sentiment remained generally weak despite the stronger US equity performance in NY trading.
The Global Macro Pulse
The fall in US equity markets overnight combined with the Fed’s additional $10bn taper to drive deeper risk aversion in Asia.
The Global Macro Pulse
The USD lost ground against risk currencies ahead of the FOMC. AUD edged higher to 0.8805, NZD to 0.8277, leaving AUDNZD essentially unchanged at 1.0639 before the RBNZ meeting tonight.
The Global Macro Pulse
Asian FX recovered from yesterday’s lows, led by a 0.5% rally in KRW to 1078. The PHP, MYR and SGD have all strengthened marginally by 0.1% to 0.2%.
The Global Macro Pulse
USDJPY found support from importers’ demand at the low of 101.77 and has rebounded to 102.44. EURUSD was steady at 1.368, while AUD squeezed marginally higher to 0.872.
The Global Macro Pulse
AUD fell below 0.87 for the first time in three and a half years, pushing AUDNZD towards 1.054. The WSJ reported comments from RBA Ridout that the AUD needs to drop further and AUD near 80c would be a “fair deal for everybody”.
The Global Macro Pulse
AUD and CAD led selloff in G10 against the USD, the former has weakened to 0.879, back essentially to yesterday level pre the CPI release while the latter dropped to 1.1148.