BBH: South Korean Won Undervalued, Backed by BoK Hikes

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Summary · why it matters

Brown Brothers Harriman's Elias Haddad says the South Korean won is undervalued and backed by the Bank of Korea's monetary tightening, with USD/KRW trading near a one-year low after the BoK delivered a back-to-back 25 basis point hike to 3.00%.

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