South Korea's dollar-won exchange rate breaches 1,500 won despite record current account surplus of $37.33 billion, raising questions about effectiveness of traditional supply buffers as geopolitical risks and global dollar strength overwhelm WGBI inflows and trade fundamentals
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Seoul FX dealers forecast the dollar-won exchange rate to rise toward 1,475-1,505 won on March 4th amid risk-off sentiment from falling U.S. stocks, Middle East tensions, and surging NDF rates, though export company dollar sales may limit gains at higher levels.
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[Today's Forex Dealer Expected Exchange Rate Range]Seoul FX Dealers Expect Won to Weaken on Risk-Off Sentiment, Middle East Tensions

Seoul FX dealers forecast the dollar-won exchange rate to rise toward 1,475-1,505 won on March 4th amid risk-off sentiment from falling U.S. stocks, Middle East tensions, and surging NDF rates, though export company dollar sales may limit gains at higher levels.

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