Wells Fargo Sees Won Rally Reversal on Fed Tightening Prospects

Updated on
  • Won susceptible to equity decline, U.S. rate hikes: strategist
  • South Korea's yield advantage over Treasuries has disappeared

The won’s biggest monthly rally since 2011 is susceptible to a correction, with the U.S. set to resume raising interest rates as inflows to South Korea weaken, according to Wells Fargo & Co.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.