KRW: Spot USD/KRW Back Testing 1350 Support, Won Outperforms USD Indices
Spot USD/KRW continues to retrace lower in the first part of Wednesday trade, the pair last 1349/50, up a further 0.50% in won terms versus end Tuesday levels. Lows so far today rest at 1348.6. Yesterday the won rose 1.32%, significantly outperforming the slight uptick in the USD BBDXY index. The won is now up 2.6% so