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USDKRW has fallen today in line with the......>

KOREA
KOREA: USDKRW has fallen today in line with the weakness seen in the USD late
last week and the renewed strength in the yuan this morning. The pair is testing
S-T support at its July 4 low of 1,112.50. A break below this level could
potentially trigger a reversal pattern with 1,100 the next level of support. 
- This week will see the release of Unemployment, Money Supply, Import and
Export Prices, as well as the BOK's rate decision on Thursday, where analysts
unanimously expect a rate hold.
- Recent won firmness is coming in the face of a continued widening of yield
spreads in the USD's favour, with the 2-year swap spread now at 88bps, testing
2006 highs. 

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