ING Forecasts Korean Won to Decline 14% Against US Dollar by 2024

ING Group projects the Korean won to weaken 14% to 1,472.50 against the US dollar in 2024, with further depreciation to 1,500 possible by 2025, according to Jinshi Data. Economist Min Joo Kang attributes this outlook to the Federal Reserve’s slower pace of interest rate cuts, escalating trade tensions, and South Korea's political instability. Additionally, the widening gap in U.S.-South Korean... source: https://www.binance.com/en/square/post/18383025802138?utm_source=BinanceNewsRSS