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Add as a preferred source on GoogleKorean Won (KRW) is one of the biggest potential losers from continued JPY and CNY weakness, which is expected. South Korea has the highest export correlation and lowest exportcomplementarity with Japan and China. "BoK f…
Korean Won (KRW) is one of the biggest potential losers from continued JPY and CNY weakness, which is expected. South Korea has the highest export correlation and lowest exportcomplementarity with Japan and China.
"BoK forecasts inflation of 0.9% this year and 1.8% in 2016. Downside risks are seen to the 2016 projections", says RBC capital markets.
Grinding weakness is anticipated for KRW after a period of consolidation the shorter term.
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