Dollar-Won Surges at Start of Month Amid 'Warsh Shock'—Market Fears of Regime Change Seen as Overblown

The dollar-won exchange rate surged at the start of the month amid 'Warsh shock' and a lack of exporter dollar sales, but analysts say fears of a policy regime change are overblown as market volatility is expected to subside once uncertainty over the next Fed chair eases.