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USD/KRW has slid from the off and last...>

KOREAN WON
KOREAN WON: USD/KRW has slid from the off and last trades -5.70 fig. at
KRW1,219.40. The rate has just breached its 50-DMA at KRW1,220.36, which shifts
bearish focus to Apr 10/Mar 27 lows of KRW1,206.90/1,205.20. Further losses
would expose the psychological KRW1,200.00 level. Bulls need a rebound above Apr
21/2 highs of KRW1,240.90/1,242.55 to get some impetus.
- On the data front: South Korea's industrial output released this morning
topped expectations, both on a Y/Y and M/M basis.
- On the geopolitical front: U.S. Pres Trump reiterated today that he withes
North Korean leader well, but again refused to offer any detailed commentary.
South Korea's Unification Min called reports re: Kim's health "fake news".
- On the epidemic front: per Yonhap's calculation "South Korea reported fewer
than 15 cases of the new coronavirus for the 10th day in a row on Tuesday", with
over 80% of patients cured form the disease.
- South Korea's trade balance will be released on Friday. The country will be
off for a holiday-elongated weekend from Apr 30.

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