Markets are waiting for the BOK Friday meeting – DBS
Source Fxstreet
USD/KRW bounced towards 1350, reaching its highest since mid-August. At the time of writing, it was trading around this level, DBS’ FX analyst Philip Wee notes.
BOK is expected to begin its rate cut cycle
“USD/KRW had bounced towards 1350, reaching its highest since mid-August.”
“FTSE Russell’s announcement yesterday that it would include Korean government bonds into its World Government Bond Index is a positive and could eventually draw USD60bn of inflows.”
“However, as the change will only be implemented in Sep 2025, there may not be a large short-term boost for the KRW. Markets will instead focus on the BOK meeting tomorrow, where the Bank is expected to begin its rate cut cycle.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Prioritize filling the $27,000 gap and even try higher.
Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflictsGold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Gold price (XAU/USD) holds steady near $4,600 during the early Asian session on Wednesday. The precious metal steadies as traders await a key Federal Reserve (Fed) interest rate decision later on Wednesday.
