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USD/KRW To Fresh Weekly Highs


1 month USD/KRW continues to recover, the pair last around 1354, +1% since the open. This is slightly above recent highs from last Thursday. From here the 100-day EMA comes at 1362. Support levels are near 1335 in recent sessions.

  • Kospi losses have extended, now to -1.3%, while spill over has also been evident from higher USD/CNH levels (7.1650/7.17000, +0.55%). China Covid concerns are dominating most asset classes in the first part of trading this week.

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