Forex News: USD/KRW extends fall on suspected USD-selling by FX authorities, after opening down at 1,037, tracking losses in 1-month NDFs in NY overnight, say traders. "The authorities seem to be selling the dollar via 2 local banks," says local bank trader; adds "the authorities seem to be planning on aggressively pulling down the pair." Another trader estimates FX authorities to have sold "more than $1 billion" worth of U.S. dollars earlier in session. Pair at 1,027.1 vs 1,042.9 last close, tipped in 1,023-1,036 range. JPY/KRW at 9.6059 vs 9.7195 last close
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