Forex News USD/KRW down on suspected USD-selling intervention by FX authorities, say traders; after opening higher at 1,019.5, pair briefly touches 1,016 and now trading around 1,017.45, vs 1,018 last close. Tipped in 1,005-1,020 range. FX authorities likely intervened, because if pair breaks above 1,020, authorities' recent efforts to support KRW would become useless, says local bank trader. Another trader says we'll have to wait and see how aggressively FX authorities are willing to intervene in market.
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