FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
Live cross-firm bank consensus across 38 desks — FX, oil & gold
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It has been a tough week for chipmakers, especially those in Korea. Foreigners have withdrawn $10bn from Korean equities this week, driving USD/KRW to levels last seen in 2009. While we remain constructive on the fundamental picture for the technology sector, there could be more
The current commentary from UBS highlights a strong performance in South Korea's export data for early October, notably driven by semiconductors, while auto exports are challenged by US tariffs. Per the full note, weaker exports to the United States suggest a trend of decoupling in trade dynamics. The desk sees this as reinforcing expectations of robust demand in sectors like technology, with potential implications for the Korean won amidst an evolving global trade landscape. They note that trade with the rest of the world remains stable despite US tensions, indicating resilience in South Korea's economic outlook.