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Free AccessOnshore USD/KRW reopened a touch.........>
KOREAN WON: Onshore USD/KRW reopened a touch higher, but has shed gains since
and last sits a KRW1,190.90, little changed on the day.
- South Korea's customs office reported trade data for the first 10 days of
June. Exports jumped 20.2% Y/Y and even as daily average exports fell 9.8% Y/Y,
their decline was smaller than the prior month.
- FinMin Hong spoke earlier today, noting that the gov't is planning to support
job creation by private firms. The gov't wants to quickly implement a KRW100tn
infrastructure spending package to boost corporate investment.
- A drop below yesterday's low of KRW1,190.15 would draw attention to Mar 11 low
of KRW1,186.40, followed by Feb 12 low of KRW1,176.40. Conversely, a rally above
the 200-DMA at KRW1,196.77 would bring Mar 27 low of KRW1,205.20 into play.
- South Korea's terms of trade come out on Friday.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.