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2 Feb 2022
USD/KRW to inch higher towards next projections at 1217 and 1227 – SocGen
The Korean won depreciated by 1.4% against the US dollar in January. Economists at Société Générale expect the USD/KRW pair to edge higher towards 1217727.
Holding above 1185 is crucial for persistence in up move
“USD/KRW is expected to inch higher towards next projections at 1217 and 1227.”
“Defending a multi-month trend line at 1185 will be crucial for persistence in up move.”