[MARKET UPDATE] KOSPI reverses earlier losses and now trading in the green; spot XAU reaches USD 4800/oz; JGBs currently at session lows despite initially trading on the frontfoot
The KOSPI's shift from earlier losses to gains suggests a positive sentiment emerging in the Asian markets, potentially reflecting improved investor confidence or responses to macroeconomic data.
South Korean President Lee says the USD-KRW is showing alignment with JPY movement, will work to stabilise the FX market, sees USD/KRW near 1400 in 1-2 months
PBoC sets USD/CNY mid-point at 7.0014 vs exp. 6.9578 (prev. 7.0006)
[MARKET UPDATE] KOSPI reverses earlier losses and now trading in the green; spot XAU reaches USD 4800/oz; JGBs currently at session lows despite initially trading on the frontfoot
The US is to pull 200 military personnel from NATO and its advisory groups amid escalating EU-US tensions, the FT reports citing sources
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Meanwhile, spot gold reaching USD 4800/oz may indicate heightened demand for safe-haven assets amid uncertain conditions. Lastly, the decline in JGBs despite initial gains signals a possible reassessment of interest rate expectations or broader risk appetite in the market.
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