South Korean Won: Hawkish BoK hold supports gains against US Dollar – Societe Generale
Societe Generale notes that the Korean Won (KRW) has risen to a fresh two-year high near 1323/USD after the Bank of Korea (BoK) unanimously kept its policy rate at 3.0% with a hawkish tone. The bank plans to maintain a restrictive stance until inflation converges to 2% and expects stronger economic growth in 2026 and 2027, while exporter Dollar selling and robust exports further support KRW.
The Korean Won (KRW) has reached a new two-year high against the US Dollar, trading around 1323/USD, following the Bank of Korea (BoK) unanimously maintaining its policy rate at 3.0% with a hawkish stance. The BoK plans to keep a restrictive policy until inflation reaches its 2% target, expecting stronger economic growth in 2026 and 2027. Exporter-related dollar selling and robust export performances have also bolstered the KRW.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
