Bank of America Predicts Strengthening of Korean Won in 2026 Amid Government Intervention
Bank of America projects the Korean won will regain strength against the U.S. dollar by the end of 2026, anticipating a USD/KRW exchange rate of 1,395 despite ongoing depreciation pressures. The bank identifies retail investor outflows as the primary cause of weakness and highlights recent government tax reforms aimed at mitigating capital flight. …