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 […]
“NZD/USD Dips Looming: UOB Warns Against Dismissing Prospect of Further Weakness”
The New Zealand Dollar (NZD) to the United States Dollar (USD) pair is facing a potential decline in the near future, as stated by United Overseas Bank (UOB) Group’s Economist Lee Sue Ann and Market Strategist Quek Ser Leang. Their evaluation is based on the NZD/USD movement in the foreign exchange market and the factors […]