Won strength limited through year-end as corporate dollar flows fade: State Street

The South Korean won's strength is expected to slow down by the end of the year. This is because domestic companies are selling fewer US dollars, which has been a key factor in the won's rise. Despite overall economic conditions remaining supportive of the currency, the reduced demand from these companies will limit the won's growth.

Why it matters

The won's strength is expected to be limited due to fading corporate dollar flows. This is despite broadly supportive economic conditions.

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Korea Times. For information only — not financial advice.