Option Traders Bet Wonโs Asia-Leading Rally Has Further to Run
Currency options traders are betting the Korean wonโs Asia-leading rally since July has further to run.
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Currency options traders are betting the Korean wonโs Asia-leading rally since July has further to run.
The wonโs recent weakness may be short lived as South Koreaโs chip sector bolsters growth, supporting the currencyโs recovery against the dollar by year-end, according to a Citigroup Inc. trader.
The South Korean won advanced to its strongest level in nearly two years Monday, helped by a rally in semiconductor stocks and continued foreign inflows into the countryโs benchmark equity index.