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USD/KRW: Equity-led Appreciation on AI Chip Hype

USD/KRW: Equity-led Appreciation on AI Chip Hype
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USD/KRW: Equity-led appreciation on chip hype

 

 

usd krw equity led appreciation on ai chip hype grafika numer 1usd krw equity led appreciation on ai chip hype grafika numer 1

 

The KRW once again sensitively reacted to the Fed’s additional hike possibility and fears of a regional bank run and returned all the earlier gains brought about by the AI chip hype.

The trade balance turned positive after fifteen months in the red as imports declined sharply due to falling commodity prices.

We expect terms of trade to improve further thanks to strong demand in transportation equipment and the Middle East’s investment boom, while commodity prices remain soft. Thus, we expect the KRW to appreciate for a while until markets begin to re-think Fed direction after the expected rate hike in July.

 

usd krw equity led appreciation on ai chip hype grafika numer 2usd krw equity led appreciation on ai chip hype grafika numer 2


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