South Korean Won: Fading strength as volatility stays high – OCBC
The post South Korean Won: Fading strength as volatility stays high – OCBC appeared on BitcoinEthereumNews.com. OCBC’s Christopher Wong reports South Korean Won (KRW) led declines in Asia FX, pressured by higher Oil, firmer UST yields, softer risk tone and heavy foreign equity outflows. He expects USD/KRW to stay choppy and vulnerable if Oil remains elevated and risk sentiment fragile, but advises against chasing the pair higher. Wong prefers fading rallies, citing Korea’s AI/export leverage and resilient semiconductor cycle as medium-term supports. KRW pressured but rallies seen to fade “KRW came under renewed pressure overnight and led declines in Asian FX.” “Near term, USDKRW can remain choppy and vulnerable to wider swings, especially if oil prices stay elevated and global risk sentiment remains fragile.” “we would avoid chasing USD/KRW higher from here and would look to fade rallies selectively for better risk-reward, as Korea’s AI/export leverage and still-resilient semiconductor