The Bank of Korea (BoK) Interest Rate Decision is scheduled on Thursday, August 26 at 01:00 GMT. Economists are divided between a hike or a hold. In the case the BoK decides to proceed with a hike, the USD/KRW pair would fall to the 1150 level, in the opinion of economists at OCBC Bank.
See – BoK Preview: Forecasts from nine major banks, economists split between a hike or a hold
USD/KRW to extend its retreat on a BoK rate hike
“The street seems split between a hike or a hold in the upcoming decision, but the hawkish BoK expectations into year-end remain intact.”
“Should a hike materialise tomorrow, expect it to boost the USD/KRW’s retreat from the 1180 highs, with initial targets at 1150.”
