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Free AccessUSDKRW is back below 1130, currently.....>
KOREAN WON: USDKRW is back below 1130, currently trading at 1128.35 as the pair
sits in the middle of its multi-month range despite the recent pick up in
foreign investor equity outflows.
- Foreign investors sold 390.8 billion won ($345.5 million) more than they
bought of Kospi Index shares yesterday as outflows accelerated from the previous
day. However, the Kospi was virtually flat on the day. - The stabilisation in US
stocks and credit markets helped Korean CDS spreads head lower from multi-month
highs, supporting the won, even as US-Korea real yield spreads edged slightly
wider.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.