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Pressured On Thursday, Industrial Production On Tap

KRW

The Won was pressured on Thursday as broader greenback trends dominated flows.

  • USD/KRW printed its highest level since June 1 and closed dealing at 1317.50, ~0.8% firmer yesterday.
  • Bulls target the high from May 17 at 1342.55. Bears first look to break the 200-Day EMA (1304.78) to turn the tide.
  • In the equity space yesterday KOSPI and KOSDAQ were both ~0.6% lower.
  • On the wires shortly we have May Industrial Production. A fall of 0.9% M/M is expected.

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