South Korea trade remains strong, but currency pressures persist
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ASIA/PACIFIC: South Korea’s robust export momentum continued in May, while an upbeat manufacturing purchasing managers’ index suggests exports will continue to support growth. The softness of the Korean won, however, will likely persist
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4 itemsSouth Korea trade remains strong, but currency pressures persist
South Korea trade remains strong, but currency pressures persist
Asia week ahead: Rate decision in Korea and key data from Japan, China, Taiwan
The upcoming economic developments in Asia are pivotal as South Korea prepares for its rate decision amidst critical data releases from Japan, China, and Taiwan. Per the full note from ING Economics, the Korean central bank's decision will be essential in navigating near-term currency stability and investor sentiment. The recent trajectory in economic indicators suggests a cautious stance from the BoK, especially in light of persistent inflationary pressures. Japanese exports have also shown promising growth, with a reported 6.2% increase in the latest data, which plays into expectations for the JPY amid global trade dynamics. Traders should remain alert to shifts from these major economies as they influence the FX landscape significantly.