FW: [Maybank] KRW – Room for Gains but Pace to Moderate

 

 

KRW – Room for Gains but Pace to Moderate FX Insight by Saktiandi Supaat FX Research Outlook for KRW is expected to brighten up as geopolitical tensions and trade war fears unwound. Key area of support for USDKRW at 1050 – 1055 which we believe will be a challenging one to break. A decisive move below could trigger more downside play for the pair. But we caution that general risk sentiment remains fragile amid an escalation of US-China trade war tensions. This could dampen sentiment and weigh on KRW temporarily... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.