USD/KRW Remains Mildly Bearish Post Bank Rate Cut
The USD/KRW pair increased following the Bank of Korea’s unexpected 25 basis point cut. The current trading level is around 1396. Analysts Frances Cheung and Christopher Wong at OCBC have noted this development, indicating a mildly bearish daily momentum. Traders are encouraged to keep a watchful eye on any shifts that may arise from further economic signals.
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