USD/KRW May Find Support Following Recent Surge
The USD/KRW currency pair witnessed a notable spike towards the 1444 mark after President Yoon’s unexpected announcement of martial law. Currently, USD/KRW is trading at 1413.65 levels. Analysts from OCBC, Frances Cheung and Christopher Wong, note that this sharp increase may soon find a natural support level as traders assess the implications of recent events. Investors should keep an eye on how geopolitical tensions will influence this currency pair moving forward.
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