EUR/USD
1.16042
0.066%
Gold
4163.00
-0.019%
Oil
58.388
-0.096%
USD/JPY
155.930
-0.328%
GBP/USD
1.32492
0.045%
GBP/JPY
206.599
-0.271%
Real-time News
The Bank of South Korea set its interest rate at 2.5% on November 27, compared with expectations of 2.50% and the previous value of 2.50%.On November 27th, multiple U.S. law enforcement officials stated that the suspect in the shooting of two National Guard members is 29-year-old Afghan citizen Rahmanullah Lakanwar, who entered the United States in 2021. Earlier that day, two National Guard members were shot near the White House. Both National Guard members sustained critical injuries and are receiving treatment at two different hospitals. The shooter is also seriously wounded.November 27th - The continued appreciation of the yen may bring a turnaround for the South Korean won. The won has lagged behind other emerging market currencies in Asia this quarter, and its correlation with the yen has surged to its highest level since 2007, ranking first among Asian currency pairs, as both currencies become more sensitive to changes in US interest rates and global risk sentiment. "The won shows a higher volatility sensitivity to the yen," noted Rohit Garg, a strategist at Citigroup. The market is currently anticipating a continuation of the yens rebound after hitting a ten-month low last week, which could drive the won stronger. Woori Bank points out that the yens movement is tied to a rare scenario: a convergence of monetary policies between the US and Japan. Economist Min Kyung-won of the bank analyzed, "Expectations of a Bank of Japan rate hike support a downward forecast for the dollar against the yen. If this is compounded by a Fed rate cut, it will strengthen the upward pressure on the yen. Once the yen strengthens, the won is likely to follow suit."Japanese chip stocks generally rose, with Kioxia shares up 3.5%, SoftBank Group up 3.7%, and Advantest up 4.3%.November 27th - According to two informed Japanese government officials, the Japanese government plans to increase the issuance of 2-year and 5-year government bonds in a revised version of its fiscal year 2025 bond issuance plan, aiming to raise funds for an economic stimulus package. It is understood that the total amount of government bonds originally planned for issuance in the current fiscal year ending next March (171.8 trillion yen) will increase by approximately 7 trillion yen (approximately US$44.7 billion). Under the revised plan, the issuance amounts for 10-year, 20-year, 30-year, and 40-year government bonds will remain unchanged. The two officials stated that the government expects to increase the issuance of discount treasury bills by approximately 6 trillion yen and may increase the monthly issuance of 2-year and 5-year government bonds by 100 billion yen each starting next January. The revised issuance plan will be submitted to a meeting of government bond market underwriters for discussion on Thursday, and subsequently submitted to a cabinet meeting for deliberation.
