USDKRW - Depreciation of the Korean Won Accelerates.
After breaking the 2yr highs a couple of days ago, now it seems we will get close to 1210, a level reached on January 2017.
I expect the USDKRW to go higher, especially since the slowdown in local economy and not good news from the US/China trade talks.
I do not recommend buying the KRW at his levels. Any bad news from US/China trade talks will make the KRW go lower, and in case of good news I do not see traders going back to KRW.
I expect the USDKRW to go higher, especially since the slowdown in local economy and not good news from the US/China trade talks.
I do not recommend buying the KRW at his levels. Any bad news from US/China trade talks will make the KRW go lower, and in case of good news I do not see traders going back to KRW.
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