0427 GMT [Dow Jones] The USD/KRW is lower at 1,158.10 vs 1,165.60 late
Friday in Seoul as fears ease over Greece's potential exit from the
euro zone, after the pro-austerity New Democracy party won the
election late Sunday. The Kospi rises 2.1% reflecting improved risk
appetite, and weighing the USD/KRW; but the pair has been trading in a
narrow range between 1,156.70-1,159.80 so far. "The market is
dominated by short-dollar plays and it may go lower a bit more from
here" for the rest of the session, says a local bank trader; but, "the
pair is more likely to stay rangebound today" as investors wait for
the G-20 leaders' meeting and FOMC policy meeting later this week. He
tips a 1,156-1,160 range. (jieun.shin@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
June 18, 2012 00:27 ET (04:27 GMT)
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