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Dollar Gains Against South Korean Won Still Look Promising

Posted by WorldWideMarkets . on Jun 11, 2013 3:35:00 AM

The dollar has gained 6 percent against the South Korean won this year. Background details point to better fundamentals for the dollar over the won and not just on expectations of tapering QE from the Fed. south korean wonSouth Korea still has nine of its 23 nuclear reactors off line with nuclear accounting for about a third of its power.  For a small developed economy that relies heavily on manufacturing, a lack of power is a problem.  The South Korean central bank meets on Thursday with the base rate at 2.5 percent. Few if any expect changes from the central bank but the lack of power is something that is going to impact thinking if they can’t bring reactors back on tap.

 

 

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