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USDKRW trades back at the upper end of its....>

KOREA
KOREA: USDKRW trades back at the upper end of its range having recovered from as
low as 1117.80 to trade at 1123.0 currently. Asian FX markets are
underperforming in line with weakness in equities even as the dollar shows
weakness against the majors.
- The Kospi trades down 0.5% after a false break above the 21-dma. A close below
2090 would suggest a resumption of the bearish trend.
- Rate markets are following stocks lower with the 2-year swap down 2.6bps at
1.8925%, as US-Korea spreads test cycle highs across the curve. 

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