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Bank of America moved its USD/KRW forecast down after the won hit its first-quarter 2026 target of 1,435 ahead of schedule. The rally followed a joint government and central bank statement on December 24 and reports of National Pension Service hedging on December 26.
BofA expects further won gains through 2026, citing a weaker global dollar and bond index inclusion for Korean Treasury bonds.
A forecast of continued won strength lowers the expected won cost of dollar-priced feed imports for Korean buyers. The main risk is strong retail demand for foreign assets, which could undermine the official support.
investing.comDec 30, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
