USD/KRW to inch higher towards next projections at 1217 and 1227 – SocGen

The Korean won depreciated by 1.4% against the US dollar in January. Economists at Société Générale expect the USD/KRW pair to edge higher towards 1217727.

Holding above 1185 is crucial for persistence in up move

“USD/KRW is expected to inch higher towards next projections at 1217 and 1227.”

“Defending a multi-month trend line at 1185 will be crucial for persistence in up move.”