Forex News USD/KRW only tad up despite high USD demand as players cautious over chance of KRW-supportive intervention by FX authorities; pair at 1,014.5 vs 1,013.8 last close, tipped in 1,010-1,018 range. If pair breaches 1,015, pair may head higher, says local bank trader. Foreigners who extended selling spree in domestic stock market to 30th consecutive session Friday, net sellers of local shares worth about KRW44 billion so far today. Meanwhile, another trader says authorities seem to be waiting for right time to intervene aggressively, in order to "maximize the effect of such an intervention".
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