September 18, 2023 22:47 GMT
Won Marginally Firmer On Monday
The Won was marginally firmer on Monday, USD/KRW ticked lower as broader USD trends dominated flows as tomorrow's FOMC meeting comes into view.
- USD/KRW closed at 1324.35, ~0.1% lower than opening levels.
- The pair remains in an uptrend, bulls target a break of 2023 highs at 1343.10 opening up the 1350 handle. To turn the tide bears focus on the 200-Day EMA (1307.73).
- In the equity space the KOSPI fell 1% and the KOSDAQ was ~0.9% lower.
- The local docket is empty today.