Korean Won Likely Faces 'Volatile Trading Week,' MUFG Bank Says -- Market Talk

Dow Jones12-09

0142 GMT - The Korean won likely faces a "volatile trading week," MUFG Bank's Michael Wan says in a research report. Failure of an impeachment motion against South Korean President Yoon Suk Yeol potentially raises political uncertainty in the country, the senior currency analyst notes. The country was "already one of the more vulnerable FX markets in Asia to Trump 2.0's policies," Wan says. "The political uncertainty also comes at a juncture just when leadership is needed to navigate these significant global policy shifts," Wan adds. MUFG Bank forecasts USD/KRW at 1,450 by 2Q 2025. USD/KRW is 0.3% higher at 1,429.24. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 08, 2024 20:42 ET (01:42 GMT)

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The country was \"already one of the more vulnerable FX markets in Asia to Trump 2.0's policies,\" Wan says. \"The political uncertainty also comes at a juncture just when leadership is needed to navigate these significant global policy shifts,\" Wan adds. MUFG Bank forecasts USD/KRW at 1,450 by 2Q 2025. USD/KRW is 0.3% higher at 1,429.24. 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Failure of an impeachment motion against South Korean President Yoon Suk Yeol ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MUFG","symbol_name":"三菱日联金融","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490520767","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490520767","pubTimestamp":1733708520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0142 GMT - The Korean won likely faces a \"volatile trading week,\" MUFG Bank's Michael Wan says in a research report. 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