South Korea FX Swap Points Rise on Won Funding Demand, 1-Year Contract Up 0.30 Won on July 7

According to Yonhap Infomax, on July 7, South Korea's foreign exchange swap points rose amid strong demand for won funding. The 1-year FX swap contract closed at -14.30 won, up 0.30 won from opening. The 6-month contract rose 0.10 won to -7.40 won, while the 3-month and 1-month contracts closed at -3.65 won and -1.20 won respectively. Market participants noted overall balanced supply and demand driven primarily by pricing merit.
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