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Won Weakest Since Early June

KRW

KRW is pressured in early dealing, USD/KRW has printed its highest level since 5 June last printing at 1309.30/40.

  • The Won has been pressured on risk off sentiment in recent dealing with USD/KRW rising ~3.3% off June lows.
  • In the July Business Survey, which was on the wires early in the session, Non-Mfg held steady at 78 and Mfg ticked lower to 72 from 73.
  • In the equity space KOSPI and KOSDAQ were both ~0.4% firmer yesterday.
  • Looking ahead, May Industrial Production crosses tomorrow, a fall of 0.9% M/M is expected.

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