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Marginally Softer On Monday

KRW

The won was marginally weaker on Monday as broader USD/Asia trends dominated. USD/KRW is holding above the 1300 handle and was ~0.1% firmer yesterday.

  • The pair seesawed around the 200-Day EMA (1304.72) in a narrow range.
  • Bulls target the high from 2 June at 1313.80. Bears look to break the 20-Day EMA (1298.24).
  • In the equity space KOSPI rose ~0.4% and KOSDAQ was ~0.5% firmer.
  • The domestic data calendar is empty today, June Consumer Confidence and May Retail Sales cross early tomorrow.

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