BoK’s Brief Halt Won’t Aid Won Much; TDS Foresees Quick Recovery from Weakness
The Bank of Korea (BoK) has decided to maintain its policy rate at 3.50%. Economists at TD Securities predict that the Won’s current weakness will be short-lived, as the USD/KRW pair faces stubborn resistance at its 200-Day Moving Average. Despite the pause, the BoK continues to keep its hawkish bias. In a unanimous decision, the […]