2012.05.09 07:17:08 MARKET TALK: USD/KRW Sustains Gains; 1,141 Cap Tipped

0517 GMT [Dow Jones] The USD/KRW is at 1,140.70, compared with 1,135.60 late Tuesday, sustaining most of its early gains; the pair is well-supported by the Kospi's 0.8% decline and as offshore players bid up the USD, traders say. However, exporters' USD selling limits the upside, while some players are growing wary over possible USD selling intervention by the central bank, traders add. There's "quite a tussle" between USD buyers and sellers around current levels, keeping the pair in a relatively tight range, says a trader with a local bank. He tips the pair to remain in a 1,138-1,141 range for the rest of the session. (in-soo.nam@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 09, 2012 01:17 ET (05:17 GMT)