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USDKRW hit fresh weekly highs at the.....>

KOREAN WON
KOREAN WON: USDKRW hit fresh weekly highs at the open and trades just off at
1126.6. Risk aversion following US retail sales weakness has more than offset
the impact of a slightly weaker dollar generally amid lower US yields, with
KRWJPY trading just off uptrend support and its 21dma after seeing a 0.7% drop
yesterday.
- Implied volatility continues to diverge from USDKRW price action with 1 month
implied vol continuing its plunge yesterday to hone in on the 6.0 level. 
- Korea's current account surplus widened on a y/y basis to $4.8bn from $4.5bn
despite further weakness from its Sep highs. In other news U.S. Secretary of
State Mike Pompeo says he and South Korean Foreign Minister Kang Kyung-wha had a
"good meeting" in Warsaw, where they discussed the denuclearization of North
Korea.
- All eyes today will be on trade talk headlines.

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