MARKET TALK: USD/KRW Rebounds; May Hover In 1120s -Trader

The USD/KRW is slightly higher at 1,123.70, rebounding from an earlier low of 1,122.10, and compared with 1,123.50 late Monday in Seoul. The eurozone's decision on a second bailout package for Greece cleared up a lot of uncertainty but weak stocks and continued USD buying from importers has kept the USD/KRW from falling much, says a foreign bank trader. The Kospi is down 0.5%. With offshore players relatively inactive in afternoon trade, "the pair will likely continue to hover around the 1,120s area" for the rest of the session, he adds.