Bank of America Predicts Korean Won Will Gain Strength Against U.S. Dollar by 2026
Bank of America anticipates a strengthening of the Korean won against the U.S. dollar by the end of 2026, projecting a USD/KRW rate of 1,395. Current depreciation pressures remain, fueled mainly by significant outflows from retail investors. The Korean government's recent capital gains tax reduction on foreign equities aims to alleviate these outfl…