Spiga

USD/KRW may fall from 1,017.6

Forex News USD/KRW may fall from 1,017.6 last close on retreat in oil prices, export settlements, says trader and notes FX authorities' suspected USD-selling yesterday likely to damp long-USD bias today. 1-month NDFs end around 1,016. Pair tipped in 1,011-1,019 range. If foreigners reduce their volume of net-selling in domestic stock market, it can provide further downside pressure, says local bank trader; but adds, pair unlikely to post sharp losses due to USD-buying on dips.



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