#USDKRW @ 1,301.82 : An extension towards 1,320 could be on the cards – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
On Thursday, the Bank of Korea meets and it is expected to stand pat. Economists at Société Générale expect the Won to struggle.
“We expect the BoK to keep the key 7-day repo rate unchanged at 3.50% tomorrow. However, the board members’ view of terminal rate is likely to be evenly split between 3.50% and 3.75%. This may not be of much help to the currency.”
“For USD/KRW, an extension towards 1,320 could be on the cards if the FOMC minutes are hawkish and US PCE causes more inflation jitters on Friday.”
See – BoK Preview: Forecasts from four major banks, first pause in a year
[/s2If]
Join Our Telegram Group
