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USDKRW has broken below up trendline.....>

KOREAN WON
KOREAN WON: USDKRW has broken below up trendline support from the June lows,
currently trading at 1118.8, just off its opening low of 1118.0. The recovery in
the Kospi is providing support for the won, with the index breaking above the
21-dma and 2100 level, reversing yesterday's losses that were triggered by
foreign selling.
- The won's strength comes in spite of a slightly firmer dollar against the
majors, but improving risk-appetite is outweighing this drag for now. 
- The cancelation of the meeting between Michael Pompeo and North Korean
counterpart that was scheduled for this week has had limited impact as talks are
expected to resume in early 2019. 

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