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USD/KRW finished the early session at 1,375.00 after printing a new year-to-date low of 1,364.30 in Seoul the prior day, more than 190 won below levels seen two months ago, even with crude holding above $90 a barrel on Middle East supply risk. The usual channel in which oil-driven terms-of-trade deterioration lifts the dollar-won has weakened, with exporter dollar selling dominating flows and effectively capping the pair; a sustained lower won-dollar rate supports foreign appetite for KOSPI and Korean risk assets by easing FX translation losses. The key watch item is a downside reversal in oil, which would remove the last fundamental support for the dollar and open room for further declines, while renewed importer dollar bids or an escalation that disrupts Hormuz traffic would be the counter-signal.
As a Forex signal, watch whether it changes price action, volatility, or flows around KRW=X, CL=F, KOSPI.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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