# KRW likely to continue trading in range of 1,110-1,140 along with pullback in Kospi share index, says Scotiabank | EconoTimes

> Scotiabank expects the Korean won to trade in a 1,110-1,140 range after it fell alongside a pullback in the Kospi. Reports that North Korea was rebuilding a rocket launch site after the failed Hanoi summit raised geopolitical concern. Scotiabank said markets have not panicked because South Korea's sovereign CDS remains low.

- Date: 2019-03-07 · published 2019-03-07T12:00:00.000Z
- Category: geopolitics · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/60347-krw-likely-to-continue-trading-in-range-of-1-110-1-140-along-with-pullback-in
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

North Korean geopolitical risk can weaken the won and shift regional risk sentiment, but it has no clear direct effect on feed grain or protein supply and demand.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- econotimes.com: https://econotimes.com/KRW-likely-to-continue-trading-in-range-of-1110-1140-along-with-pullback-in-Kospi-share-index-says-Scotiabank-1507403

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