USD/KRW Analysis: Why the Korean Won Could Rebound to 1,400
The South Korean won struggles at a record low as the US dollar shows strength amid ongoing political turmoil in the country. Recently, the USD/KRW exchange rate spiked to a peak of 1,486 before retreating to around 1,470. Analysts believe that conditions may favor a rebound of the Korean won toward the 1,400 level.
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