Won Rebound Reverses, KRW1,325/US$ In Focus

October 2008 | Market Strategy

Our anticipation yesterday of a short-term turnaround in South Korea's won has proved premature, and the currency on Thursday closed at a new 65-month low of KRW1,223.55/US$, smashing through our KRW1,200/US$ downside target, which we first flagged in March

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