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
Solana (SOL) targets a breakout above $145 as four days of ETF inflows, rising futures open interest, and growing on-chain liquidity signal a return of bullish momentum.
Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cutGold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US DollarGold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower.
Gold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower.
Ethereum Price Eyes an Upside Break — But $3,350 Has Other IdeasEthereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
Ethereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
Gold remains bid as lack of Fed clarity and geopolitical frictions persistGold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.
Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.
