0025 GMT [Dow Jones] The USD/KRW is lower at 1,153.90 from 1,156.20 late Wednesday in Seoul with a moderate downward bias tipped by positive U.S. economic data prints including durable goods orders for May. The Kospi's 0.2% rise and expectations for exporters' USD selling help support the KRW in early trade. But the pair's downside will likely be limited as speculative players are unlikely to build any strong short-USD positions ahead of the EU summit, starting later today, traders say. "Weakening hopes that the EU meeting will produce any positive policy agreement on the region's debt crisis and dollar buying related to foreign investors' recent sales of local stocks will likely lend firm support to the pair," says a local bank trader. She tips a 1,153-1,159 range. (jieun.shin@dowjones.com)
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(END) Dow Jones Newswires
June 27, 2012 20:25 ET (00:25 GMT)
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