BoK Deputy Governor says it is time to think about a rate hike, Yonhap reports; cites more resilient growth and higher inflation than expected
The BoK Deputy Governor's comment signals a notable shift towards a possible rate hike, reflecting stronger-than-anticipated growth and rising inflation.
[MARKET UPDATE] DXY edges to fresh session highs at 98.21 as USD/JPY rises above 157.00 once again (vs low 156.66) - with Japan on holiday between May 3rd-6th; other markets stable
PRE-MARKET CHINESE STOCKS NEWS: Mainland China closed, Hong Kong open
BoK Deputy Governor says it is time to think about a rate hike, Yonhap reports; cites more resilient growth and higher inflation than expected
Australian TD-MI Inflation Gauge (Apr) M/M 0.6% (Prev. 1.3%); Y/Y 4.3% (Prev. 4.3%)
[MARKET UPDATE] WTI and Brent futures see a dip of around USD 0.70/bbl in a minute with a volume surge observed; newsflow remains light
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This is likely to be read as a hawkish indication that could influence market expectations, especially regarding the likelihood of a rate increase in upcoming meetings. Traders should consider how this could affect the Korean won and the broader regional risk sentiment.
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