A Bad Year for the South Korean Won May Be About to Get Worse
- Factory output, sentiment data may confirm weakening trend
- Three-year bond yields are falling toward benchmark rate
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South Korea’s won has been the worst-performing Asian currency this year. Data this week may add to its woes.
Industrial production and consumer confidence numbers will be in focus as traders seek to gauge whether the recent weakness in exports and inflation is spreading. Signs of slower growth may fuel bets the Bank of Korea will follow the Federal Reserve in turning more dovish, quickening the won’s decline.