# USD/KRW to slump to 1050 by year-end behind Korea’s strong growth – Standard Chartered — Octa

> Standard Chartered raised its 2021 GDP growth forecast for South Korea to 3.9% from 3.2% on a strong first quarter. It forecasts USD/KRW at 1,100 at end-Q2 and 1,050 at end-2021.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/47832-usd-krw-to-slump-to-1050-by-year-end-behind-korea-s-strong-growth-standard
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Stronger Korean growth supports the won and has little direct bearing on feed commodity prices.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/897175/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.