ResearchGlobal2026-10-24
CNY and KRW firm together while JPY and EUR soften, a two-bloc split repricing Northeast Asia deliveries
USD/CNY 6.6704 (-0.039) and USD/KRW 1323.2 (-0.1253) both fell, with CNY and KRW firming against the dollar together. USD/JPY 156.86 (+0.0638) and EUR/CNY 7.469 (-0.2111) moved the other way. The two-bloc split lifts and cuts delivered local-currency costs across Northeast Asia; CIPS direct clearing and NDF euro-leg hedges become mandatory.