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Korean rates and the won have responded.......>

KOREA
KOREA: Korean rates and the won have responded well to the BOK Chief's comments
that a November rate hike will be considered unless real economy shows big
troubles. 
- 6-month swaps have recovered Friday's losses to trade at 1.7925% as the entire
curve has edged higher, in part thanks to the recovery in stocks. 
- USDKRW trades at 1131.7 after dropping almost 0.2% on the BOK news. A break
below the 55-dma at 1123.0 is needed to shift the next-term outlook negative and
test the lower end of the 4-month trend channel. 

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