South Korean won may recover due to central bank support, export growth, and stabilizing Chinese economy.
South Korean won may recover as central bank support and export growth boost its outlook. Won fell to 1,400 per dollar, its lowest in over a year, but now strategists predict a rebound to 1,335 by year-end. Optimism stems from a meeting of finance chiefs from South Korea, Japan, and the US, indicating increased appetite to defend currencies. A stabilizing Chinese economy may also aid recovery.
April 28, 2024
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