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DOLLAR-WON: USDKRW spiked to just below the 1140.....>

CANADA DATA REACT, DOLLAR-WON
DOLLAR-WON: USDKRW spiked to just below the 1140 level at the open in line with
the stronger dollar generally, and is currently trading at 1138.50 as bulls keep
the pressure on the top end of the four-month range.
- Widening yield differentials between the US and Korea are piling on the upside
pressure, with the 2-year swaps spread hitting a new cycle high of 117bps
yesterday.
- KRWJPY is also under pressure after failing to overcome the 10.0 level
yesterday, which has sent the pair back down to 9.85. 

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