{
  "id": 7976742,
  "title": "Won strength limited through year-end as corporate dollar flows fade: State Street",
  "url": "https://urgent.news/2026/09/17/won-strength-limited-through-year-end-as-corporate-dollar-flows-fade-7976742",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T07:42:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20260917/won-strength-limited-through-year-end-as-corporate-dollar-flows-fade-state-street"
  },
  "original_language": "en",
  "account": "State Street predicts the won will likely remain strong up until the end of the year, despite favorable economic conditions, according to a senior macro strategist at the firm. Choi Ji-uk noted that while the near-term outlook is positive, the won's dramatic increase compared to last year's end suggests a reduction in corporate dollar selling demand. State Street recently adjusted its stance to underweight on the Korean currency. The won's value surged by 15.41% against the dollar in the third quarter, making it the strongest among G20 currencies. This appreciation occurred due to the Federal Reserve's recent move to resume monetary tightening. Choi explained that the primary driver behind the dollar strength is the completion of flows related to SK hynix's American depositary receipts. Additionally, a corporate tax cut aimed at encouraging companies to sell their dollar holdings for tax payments has added to the downward pressure on the currency.",
  "summary": "The won's strength is expected to be limited through year-end as domestic corporate dollar-selling flows fade, despite economic conditions remaining broadly supportive of the currency, U.S. financial firm State Street said Thursday. \"Near-term conditions are clearly supportive,\" Choi Ji-uk, senior APAC macro strategist at State Street, said at a media roundtable. \"But given how significantly the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "SABC News",
        "title": "Free State women farmers lament limited access to land",
        "url": "https://urgent.news/2026/09/16/free-state-women-farmers-lament-limited-access-to-land",
        "published": "2026-09-16T17:45:10.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Won strength limited through year-end as corporate dollar flows fade: State Street",
        "url": "https://urgent.news/2026/09/17/won-strength-limited-through-year-end-as-corporate-dollar-flows-fade",
        "published": "2026-09-17T07:32:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}