Forex News USD/KRW likely to extend losses into 3rd-straight session today given continued drop in oil prices. Also, foreign sale of local stocks likely weaker given positive Wall Street performance overnight. "The FX authorities have been sending the market a strong warning that it's determined to secure the KRW at 1,020 and have conducted smoothing operations over the past sessions," says local bank trader; tips pair to trade in 1,007-1,014 range today; still, trading volume to remain low as importers who need dollars for settlement reluctant to buy now given authorities' suspected intervention, adds trader. 1-month NDFs end around 1,011 in spot.
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