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1 Month USD/KRW Holding Above 1330, Q4 Credit Data Out Later

KRW

1 month USD/KRW tracked sideways post the Asia close on Monday. The pair ending the session near 1333, a modest won loss. Note onshore spot finished at 1335.15 yesterday. We remain very much within recent ranges. Monday's session was relatively quiet from an FX market standpoint with US markets shut.

  • We have already had consumer sentiment figures print for Feb. The headline result improved modestly further, which is consistent with a resilient GDP growth backdrop. Inflation expectations were steady at 3% y/y, slightly above the latest headline CPI outcome (see this link).
  • Later on today we get Q4 household credit figures.
  • To recap in the equity space, we had a +1.19% rise for the Kospi yesterday amid generally positive sentiment in Asia Pac markets. Offshore investors added $499.4mn to local shares.

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