The South Korean won continued its strong downward trend, reaching its lowest level since 2009, despite the ongoing Kospi Index surge. The USD/KRW exchange rate surged to 1,550, up sharply from the year-to-date low of 1,420.
USD/KRW: Rebound possible before proxy sell trade – OCBC
USD/KRW: Two-way trade with geopolitical risk – OCBC
USD/KRW: Upside risks with key resistance – OCBC