Won Gets Supercharged by a Central Bank Out to Tame Inflation
- Bank of Korea has signaled it may hike rates again this month
- Hawkish policy will protect yield spread: Manulife Investment
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South Korea’s won has regained some ground after a dismal third quarter and a coming interest-rate hike could give it another boost.
The won could rise as high as 1,120 per dollar this quarter from around 1,182 now as the Bank of Korea moves to normalize policy and uncertainties surrounding the Federal Reserve’s tapering eases, according to Kiwoom Securities Co. The currency may climb to 1,140 by year-end, says KB Kookmin Bank.