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USDKRW continues to trade around the 1140.....>

KOREA
KOREA: USDKRW continues to trade around the 1140 level, currently at 1140.40,
with the uptrend from the Sep 1 lows remaining intact. Bulls need a break above
range highs at 1144.75 to reignite upside momentum but the recovery in the Kospi
is helping to keep this level intact for now.  
- CPI data came in line with expectations today with headline CPI rising to 2.0%
in Oct from 1.9% in Sep, while trade date came in strong amid surging imports
and exports. 
- 2-year swaps are up another 2.25bps today at 1.8925%, erasing all of Monday's
heavy losses, which has helped US-Korea yield spreads edge down to 118bps from
Monday's peak of 123bps. 

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