Korean won posts biggest monthly gain since 2009 on SK hynix ADR inflows
"The won-dollar exchange rate is expected to fall to around 1,380 won, though the outlook could change depending on future dollar inflows and monetary policy…
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Summary
"The won-dollar exchange rate is expected to fall to around 1,380 won, though the outlook could change depending on future dollar inflows and monetary policy decisions in South Korea and the US." (Yonhap). Korean won posts biggest monthly gain since 2009 on SK hynix ADR inflows. Economists expect the won to remain on an upward trajectory, citing stronger-than-expected economic growth and expectations that the Bank of Korea will continue raising interest rates, narrowing the rate differential with the United States.
Furthermore, "The won has entered an upward cycle," Lim Hwan-yeol, an economist at Woori Bank, said.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
"The won-dollar exchange rate is expected to fall to around 1,380 won, though the outlook could change depending on future dollar inflows and monetary policy decisions in South Korea and the US." (Yonhap)
reliability low1/2 sourcesKorean won posts biggest monthly gain since 2009 on SK hynix ADR inflows.
reliability low1/2 sourcesEconomists expect the won to remain on an upward trajectory, citing stronger-than-expected economic growth and expectations that the Bank of Korea will continue raising interest rates, narrowing the rate differential with the United States.
reliability low1/2 sources"The won has entered an upward cycle," Lim Hwan-yeol, an economist at Woori Bank, said.
reliability low1/2 sources
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