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USDKRW trades at its daily low of........>

KOREAN WON
KOREAN WON: USDKRW trades at its daily low of 1220.2 as the slight easing of
dollar strength globally supports the won. Neckline support and the 55-dma
remain in focus and a close below 1116.0 would be a bearish move. 
- The won has been one of the strongest performing EM currencies this month,
largely immune from the weakness seen in more high risk EMs, despite a continued
decline in real interest rates and bond yields. 
- The won has traded much more closely in line with DM FX than EM FX over the
past three months thanks in part to the continued improvement in the country's
external accounts which have reduced credit risk. 

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