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USDKRW currently trades in the middle of......>

KOREA
KOREA: USDKRW currently trades in the middle of its daily range at 1120 as early
losses below 1118 were recovered while gains above 1123 were given back equally
quickly. 
- The won has responded poorly overall to the BOK's 'dovish hike' with markets
taking the minutes and Governor Lee's comments as suggesting no further hikes
for a while, despite his mention that rate remain below the neutral level and
the statement noting the improvement in the employment situation. 
- The yield curve has collapsed with the 2-s-10s swap curve flattening 4bps to
fresh multi-year lows. 2-year swaps have traded up 3.2bps to 1.8925%, breaking
above their 21-dma, while the 10-year trades down 1bp at 2.0125%.

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