Spiga

USD/KRW May Fall; Tipped In 1,002-1,012 Band

Forex News USD/KRW may fall from 1,009.3 last close on retreat in oil prices. 1-month NDFs ended around 1,009.5. Pair tipped in 1,002-1,012 range. FX authorities' "determination" to curb sharp rise in pair also USD-negative, says local bank trader. But pair likely supported by "foreigners' net-selling of local shares for 28 straight sessions," recent Kospi weakness, says another trader.




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