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USD/KRW Back To Fresh Multi-Week Lows

KRW

1 month USD/KRW is back down through 1420, through yesterday's lows. We last sat at 1416, this is around -0.65% sub NY closing levels. Early October lows come in just under the 1400 level. Softer USD momentum is evident against higher beta plays in the G10 space, although the won is comfortably outperforming these moves. After a shaky start, the Kospi is +0.70% from yesterday's closing levels. This is providing won support in the near term.

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