2024-11-07 00:12
IndustryWon Hits 2-Year Low as US Election
Won drops 1.7% to 1404.06/USD
Lowest level since Nov 2022
Asian FX broadly weaker
MXN leads EM decline (-3%)
Pressure Points:
Trump victory sparking EM selloff
Weak growth momentum in Korea
Inflation deceleration fueling rate cut bets
Trade policy uncertainty rising
Key Risks:
BOK intervention possible at 1500 level
Previous warning issued in April
Regional central banks on watch
Trade tensions could escalate
Critical Level: Watch 1500 for intervention signals.
#USDKRW #Forex #Korea #TrumpTrade #AsianMarkets
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Won Hits 2-Year Low as US Election
Hong Kong | 2024-11-07 00:12Won drops 1.7% to 1404.06/USD
Lowest level since Nov 2022
Asian FX broadly weaker
MXN leads EM decline (-3%)
Pressure Points:
Trump victory sparking EM selloff
Weak growth momentum in Korea
Inflation deceleration fueling rate cut bets
Trade policy uncertainty rising
Key Risks:
BOK intervention possible at 1500 level
Previous warning issued in April
Regional central banks on watch
Trade tensions could escalate
Critical Level: Watch 1500 for intervention signals.
#USDKRW #Forex #Korea #TrumpTrade #AsianMarkets
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