Live Updates > Live Update Details
2026-09-18 09:02:13
【Citi: The weakness of the Korean won may be temporary, and it is expected to rebound against the US dollar before the end of the year】 (1) A Citi trader said that the recent weakness of the Korean won may only be a temporary phenomenon, driven by the South Korean chip industry's economic growth, and the Korean won is expected to rebound against the US dollar before the end of the year. (2) Lee Sanghun, head of Citi's Korea trading, said in an interview on Wednesday evening that the Korean won is at risk of falling below 1,400 won per US dollar in the short term due to external factors such as the hawkish stance of the Federal Reserve and inflation concerns caused by rising oil prices. (3) However, he believes that the Korean won will not remain so weak for a long time, so it will be a good time to sell the US dollar and buy the Korean won when the exchange rate is around 1,400 won per US dollar. (4) The Korean won had previously experienced a two-month rise and became the best-performing currency in Asia; however, on Thursday, the Korean won fell for the fourth consecutive trading day, hitting a low of 1,388.25 won per US dollar. (5) The hawkish policy of the Federal Reserve has suppressed the Korean won, and the widening of the US-Korea interest rate differential due to US interest rate hikes may weaken the attractiveness of South Korean domestic assets. (6) On Friday morning, the Korean won opened steadily, with the exchange rate remaining around 1381.00 won per US dollar.
