USDKRW has continued its decline.........>

KOREAN WON: USDKRW has continued its decline following yesterday's large drop as

risk appetite has returned to global FX markets thanks in part to expectations

of a Brexit deal and reports that Trump is holding off on auto tariffs for now. 

- The slight drop in Korea's adjusted unemployment rate and the ongoing plunge

in crude oil are also tailwinds for the won, which trades at 1129.9. 

- The Korean FinMin noted today that the jobs situation remains grave and

further action may be taken on this front. 

- Rate markets remain under pressure but largely due to falling inflation

expectations on the back of lower oil prices, which is supporting real yields.

US-Korea real yield spreads have edged down from last week's highs but remain

elevated and a headwind for the won.