Won May Extend Rally on Easing Political Risks, Trade Deal Bets

The South Korean won is attracting a growing number of bullish calls from analysts, who expect the country’s trade negotiations with the US and easing political uncertainties to extend a recent rally.

The currency may strengthen to as high as 1,320 per dollar by the end of the year, according to BofA Securities. That suggests the potential for over 3% advance following last week’s 2.6% rally, which was the best in Asia. iM Securities Co. in Seoul forecasts a move toward 1,350.