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KOREA
KOREA: USDKRW has been able to maintain its brief dip below the 1130 level, with
the pair last at 1130.90, broadly flat on the day amid a steady drift lower in
the greenback against the majors. 
- The won is caught between the positive impact of a slight uptick in local
stocks and the negative impact of a slight drop in interest rate swaps. 
- The swap curve is roughly 1bps lower as last week's recovery efforts look to
be a temporary phenomenon. 

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