# USD/KRW posed for extra appreciation in the next months - UOB - Forex Crunch

> UOB's quarterly outlook expects the won to weaken to 1,280 per dollar in the second quarter and 1,300 in the third, as dollar funding stress persists. It then forecasts a gradual recovery toward 1,220 by early 2021 once Asia-wide recovery takes hold.

- Date: 2020-04-27 · published 2020-04-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/53890-usd-krw-posed-for-extra-appreciation-in-the-next-months-uob-forex-crunch
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A near-term weaker won raises the cost of imported feed inputs in Korea, while a later recovery would ease it. The forecast is a currency view with no direct commodity supply or demand change.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/04/27/usd-krw-posed-for-extra-appreciation-in-the-next-months-uob/

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