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Free AccessUSD/KRW has edged higher in early........>
KOREAN WON: USD/KRW has edged higher in early trade this week, last dealing at
KRW1,138.70, with the KRW struggling on the back of disappointing domestic trade
data covering the first 20 days of April. Over that period total exports fell
8.7% Y/Y, with chip exports -24.7% Y/Y and exports to China -12.1% Y/Y.
- Negative sloping resistance from the 8 April high is located at KRW 1,139.45,
with a break opening a move to the recent peak at KRW1,144.95. Support is
located at the 21-DMA of KRW1,136.77.
- Looking ahead, GDP data headlines the South Korean docket this week, and will
hit on Thursday.
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.