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KRW: BoK defends won as oil shock bites – Commerzbank

Commerzbank’s Moses Lim notes that higher Oil prices and heavy reliance on Middle Eastern crude have kept KRW volatile, with USD/KRW trading between 1,420 and 1,500 and the won down year-to-date.
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EUR/USD Price Forecast: Drops below 200-day SMA, targets 1.1500 level

The EUR/USD tumbles for the second straight day after clashing with the 200-day Simple Moving Average (SMA) at 1.1672 on Tuesday, due to overall US Dollar strength.
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