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KOREAN WON: USD/KRW has rebounded after a lower open, likely playing catch-up
the the WHO's declaration of a global pandemic & general worry surrounding the
coronavirus situation. Worth noting that South Korea's Covid-19 case count
spiked higher again, after the discovery of a cluster of 93 patients in Seoul.
- The BoK said that it will relax the terms of its loan programmes for local
banks. The central bank also said that MonPol decision is not part of the agenda
of the board meeting, scheduled for today.
- USD/KRW last seen +2.85 fig. at KRW1,195.95. Bulls need a rally through the
peaks of Mar 2 & 9 at KRW1,207.30 to gain some impetus. Bearish focus is on
yesterday's low of KRW1,186.40. A break here would open up the 200-/50-DMAs at