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via fxstreet.comEconomy

Korean Won rises to two-year high after hawkish BoK hold, says Societe Generale

FROM THE WIRE · FXSTREET.COM

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…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA restrictive central bank and exporter dollar selling support the won against the dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The won rose to a fresh two-year high near 1323 per dollar.
  2. 02The BoK unanimously kept its policy rate at 3.0% with a hawkish tone.
  3. 03The bank plans to stay restrictive until inflation converges to 2%.

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