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Asia's Worst Currency May Continue Its Slide, Deutsche Bank Says

  • Won could drop to 1,200 vs dollar before hitting resistance
  • Choi says a rate cut by Bank of Korea may come as soon as July
Inside Korea Minting, Security Printing & ID Card Operating Corp. Printing Facility
Photographer: SeongJoon Cho/Bloomberg
Updated on

The worst may not be over for the Korean won, according to Deutsche Bank AG.

The currency, Asia’s worst performer this year, may keep slipping until it hits 1,200 against the dollar as growth concerns and disappointment over the size of a supplementary budget sap confidence, said Choi Kyungjin, head of fixed income and currencies at the bank in Seoul.