Market complacency over Korean won ‘staggering’
Market participants are being too complacent about the effects of increased tension between North and South Korea on the won, and investors should be taking measures to protect themselves against a sudden shift in the currency, say commentators.
North Korea announced a formal declaration of war on the South on March 30 and in recent weeks has threatened nuclear strikes and attacks on the US and South Korea. However, while USD/KRW spot has been steadily rising since mid-January, hitting 1,132 on
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