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KOREAN WON: USDKRW has extended its gains today in line with the rise in CNHUSD,
trading at 1129.40, touching its highest level since October 2017 earlier today.
The next notable resistance level comes in at the September 2017 high of 1150.
- Fundamental pressures remain against the won, with risk-adjusted real yield
spreads still suggesting fair value is around 1200, despite the recent
improvement in nominal rate spreads in Korea's favour.