简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
USD/KRW to hover around 1,210 by end-Q2 as Ukraine war keeps won weak – MUFG
Abstract：USD/KRW was volatile in March and ended 0.6% higher on the month amid the background of a 1.36% appreciation of US dollar. Risk sentiment will still be the key factor driving USD/KRW movements in April. Economists at MUFG Bank forecast the pair at 1,210 by the end of the second quarter.
Potential lower risk aversion would provide some support for KRW in the medium-term
“For now, geopolitical conflict still is a key driving force for the USD/KRW. As Russia and Ukraine are negotiating, we expect no escalation but think the uncertainty of Russia-Ukraine situation will remain in near-term, and keep KRW weak in near-term. We forecast USD/KRW at 1,210 by end of Q2.”
“As the country relies on imports to meet almost all of its dry natural gas and crude oil consumption, higher energy prices caused by the Ukraine war will have a direct negative impact on Koreas trade balance. That said, we still remain positive on the KRW against USD in the medium term.”
“We expect USD/KRW to fall to 1,185.0 by year-end, assuming a resolution to the Ukraine war, better contained pandemic and normalized investor sentiment toward Korean assets.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Bank Negara Malaysia Flags 12 New Companies for Unauthorised Activity
Bank Negara Malaysia (BNM) has updated its Financial Consumer Alert List (FCA List) by adding 12 more entities, reinforcing its efforts to warn the public against unregulated financial schemes. Check if your broker made the list!
TradingView Brings Live Market Charts to Telegram Users with New Mini App
TradingView has launched a mini app on Telegram, making it easier for users to track market trends, check price movements, and share charts.
March Oil Production Declines: How Is the Market Reacting?
Oil production cuts in March are reshaping the market. Traders are closely watching OPEC+ decisions and supply disruptions, which could impact prices and future production strategies.
How to Calculate Leverage and Margin in the Forex Market
Leverage amplifies both potential profits and risks. Understanding how to calculate leverage and margin helps traders manage risks and avoid forced liquidation.
WikiFX Broker
Latest News
The Withdrawal Trap: How Scam Brokers Lure Victims into Paying More
WikiFXFCA to Investors: Think Twice Before Trusting These Brokers
WikiFXTrump\s tariffs: How could they affect the UK and your money
WikiFXTrump gambles it all on global tariffs he\s wanted for decades
WikiFXTradingView Brings Live Market Charts to Telegram Users with New Mini App
WikiFXTrump tariffs: How will India navigate a world on the brink of a trade war？
WikiFXIG Group Acquires Freetrade for £160M to Expand UK Investment Market
WikiFXU.S. March ISM Manufacturing PMI Released
WikiFXShould You Beware of Forex Trading Gurus?
WikiFXExposed by SC: The Latest Investment Scams Targeting Malaysian Investors
WikiFXCurrency Calculator
