Missing links in Korea and Taiwan
REAL-LIFE PROBLEMS, INNOVATIVE SOLUTIONS
Background
Nobody talks much about the won (KRW) or Taiwan dollar (TWD) these days. But investors seem confused and frustrated because the price action in each market has not played out as expected. Specifically:
• USD/KRW remained well offered despite Korea’s current account swinging sharply into deficit, foreign investors becoming persistent and large sellers of local stocks, and USD/JPY moving up almost 10 big figures from the lows.
• USD/TWD has been better bid and is trading at year-highs
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