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USDKRW found support at 1125.0 earlier...>

KOREAN WON
KOREAN WON: USDKRW found support at 1125.0 earlier allowing the pair to focus
back on yesterday's highs as the pair is squeezed back up towards the 1130.0
level. Won crosses have also come under pressure with KRWJPY dropping back into
the middle of its range and CNHKRW pushing back above 166.00 as the pair looks
to extend its uptrend. 
- While the won's weakness has coincided with the BOK's rate decision, where it
voted unanimously to keep rates unchanged and lowered its 2019 growth forecast,
there were no surprises in the statement or press conference. Rate swaps have
actually edged up at the 6 month tenor suggesting that it is not solely the rate
outlook that is weighing on the won.

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