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USD/KRW last trades at KRW1,201.30,......>

KOREAN WON
KOREAN WON: USD/KRW last trades at KRW1,201.30, very marginally above neutral
levels, as participants look for fresh cues. The rate briefly popped higher at
the re-open, as BBG ran headlines from the (caveated, upon a closer scrutiny)
NYT story on possible U.S. measures vs. the CCP.
- U.S. Sec of State Pompeo said that the POTUS will only meet with DPRK leader
Kim, if there is a material chance of making progress in bilateral negotiations.
- Bulls look to take out Jul 14 high of KRW1,207.75 before targeting the 50-DMA
at KRW1,213.33. Conversely, losses past the 200-DMA at KRW1,197.02 would bring
Jul 7 low of KRW1,189.80 into play.
- A monetary policy decision from the BoK headlines the local docket today, with
19 out of 21 economists surveyed by BBG looking for no change to the benchmark
policy rate, which currently stands at 0.50%.

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