USD/KRW to decline to 1175.0 by Q1 2022 – MUFG By MSalordFX USDKRW Banks
e downside over the rest of the year and forecast it at 1150.0 by the third quarter and at 1145.0 by year-end.South Korea has been facing an elevated number of new daily confirmed Covid-19 cases since mid-January, the country reported a record high 14,518 new cases on 27th January, exceeding the previous peak in mid-December last year of 7,850.
“The government has enforced new containment measures including expanded rapid testing which will help to mitigate the spread of highly transmissible Omicron variant. Also, on January 21st, South Korea proposed an additional budget of 14 trillion won to support small and micro merchants hit by extended Covid-19 management measures caused by the protracted pandemic.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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