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
The launch of new tokens following headline-making events is not new in the crypto market.
Solana (SOL) price trades in green, above $242 at the time of writing on Monday, after breaking out of a parallel channel last week with bulls aiming for record highs.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) hover around key levels after recovering by nearly 4%, 7%, and 6%, respectively, last week.
Gold (XAU/USD) kicks off the new week on a softer note, though it manages to reverse an Asian session dip to the $3,627-3,626 area and currently trades near the top end of a one-week-old trading range.
Major currency pairs trade in familiar ranges to start the week as investors gear up for key macroeconomic data releases and central bank meetings.
