USD/KRW Under Pressure as Foreign Inflows Support Won: Commerzbank
Commerzbank says foreign inflows and exporter demand are supporting the South Korean won, while the Kospi has rebounded 29.5% from its late-July low.
USDKRW
Commerzbank notes that the South Korean won is being supported by foreign inflows and exporter activity. The currency’s firmer tone comes as the Kospi has rebounded 29.5% from its 30 July low.
The equity recovery has been driven by strong technology earnings and improved sentiment toward semiconductor and memory sectors. That backdrop may be attracting foreign capital, adding support for the won and weighing on USD/KRW.
Source: FXStreet Forex News