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Firms On Tuesday, Greenback Trends Dominate

KRW

USD/KRW closed at 1301.30 on Tuesday, the pair was ~0.5% lower.

  • Broader greenback trends are dominating flows for USD/KRW in recent dealing. Improving risk sentiment and weaker than forecast US data has weighed on the greenback.
  • South Korea's CPI eased for a fifth consecutive month yesterday, this boosts the on-hold case for next months BOK meeting. June CPI printed 2.7% Y/Y, the prior read was 3.3%.
  • On the wires this morning June Foreign Reserves printed at $421.45bn.
  • In the equity space the KOSPI fell ~0.3% and KOSDAQ was a touch higher.
  • The domestic calendar is empty for the remainder of Wednesday's dealing.

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