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USDKRW trades up 0.1% on the day last....>

KOREAN WON
KOREAN WON: USDKRW trades up 0.1% on the day last at 1131.7 as the uptrend
remains intact despite the pair coming off its opening high amid a slight
improvement in global risk appetite. 
- The won struggled last week amid broad-based dollar strength against the
majors and the rise in risk aversion which saw renewed upside pressure on Korean
CDS spreads. This outweighed the slight narrowing of US-Korea yield spreads. 
- The data docket is very thin with PPI and trade data due out later in the
week. The major market mover is likely to be the US FOMC on Wed. 

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