FXStreet reported that TD Securities sees USD/KRW moving toward 1,400 if weakness in AI-related shares persists.
USD/KRW states the price of $1 in won. A higher reading would therefore indicate a weaker won. FXStreet said the firm’s view draws on the won’s tendency to move with U.S. equities and with their performance relative to other markets.
The Bank of Korea’s Oct. 22 policy statement identified support for the currency alongside that equity risk. The bank said semiconductor exports and investment were helping economic growth, while a large current account surplus had improved conditions in the foreign-exchange market. It also linked stock-market volatility to concerns that AI investment may slow.
The central bank held its base rate at 3.00% in October after raising it by 25 basis points in July and another 25 basis points in August. Its next policy-setting meeting is scheduled for Nov. 26.
