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USDKRW trades in the middle of its.......>

KOREAN WON
KOREAN WON: USDKRW trades in the middle of its daily range after giving back
much of its opening gains but finding some support at 1122 to keep the rally
intact. 
- The pair is caught between a weaker dollar versus the majors and souring risk
appetite amid increased US-China tensions. This is outweighing the impact of a
slight narrowing of US-Korea real rate differentials. 
- the National Assembly on Saturday approved a record 469.6 trillion won ($419
billion) budget proposal for next year which is aimed at speeding up the economy
by creating jobs, raising the minimum wage and prodding innovative growth.
- Elsewhere, North Korean leader Kim Jong Un is unlikely to visit Seoul in the
final three weeks of this year, according to South Korean TV channel YTN, citing
an unidentified official in the South Korean presidential office.
- There are no economic data releases today and the won looks likely to remain
at the mercy of global risk appetite. 

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