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Bearish view on KRW reinforced - ANZ

FXStreet (Łódź) - Khoon Goh, Senior FX Strategist at ANZ gives reasons for the continued bearish outlook on the KRW.

Key Quotes


"Our brief visit to Korea this week reinforces our bearish view on the KRW."

"Export performance is weak, with the won one of the factors behind this. But greater competition from China is increasingly seen as a threat."

"Domestic demand is unlikely to show signs of a pick-up in the near term. Further policy response cannot be ruled out."

"We reiterate our recommendation to buy USD/KRW."

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