South Korea's central bank governor, Rhee Chang-yong, stated on Thursday that the Korean won is highly likely to strengthen against the US dollar, given the nation's robust economic fundamentals.
When asked about the recent depreciation of the won against the dollar, Rhee indicated that, based on economic fundamentals, there is a strong possibility the won will regain strength in the future.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments