While the KRW has been one of our top picks in Asia, it is recognised that the strong USD will alsocause some damage in Asia FX, at least in the near term. Societe Generale notes in a report on Wednesday: Jason Daw, our …
While the KRW has been one of our top picks in Asia, it is recognised that the strong USD will alsocause some damage in Asia FX, at least in the near term.
Societe Generale notes in a report on Wednesday:
Jason Daw, our head of Asian FX, just entered a long USD/KRW position, targeting a move to 1165 for the 1m NDF.
Besides the fear of the Fed, monetary policy is also a risk for the won, with further easing in the pipeline.
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