Bank of America Anticipates Korean Won Gains Amid Government Measures Addressing Capital Outflows
Bank of America projects the Korean won will gain strength against the U.S. dollar by the end of 2026, forecasting a USD/KRW exchange rate of 1,395. This outlook emerges despite ongoing downward momentum for the currency and recent government interventions aimed at curbing portfolio outflows. The bank highlights sustained large-scale sell-offs by r…