May 6th, 2008

KRW: Expect USDKRW to stay bid on higher oil and worse c/a deficit; BoK should sell around
CNY: Another short-squeeze day with 1yr 400pips higher even with spot steady around 6.9900
SGD: Pushed lower towards 1.3570 as NEER pushed up to 2% range
- PMI print of 49.3, lowest since Jan 2002;

South Africa