Gate.io: Korean won against the US dollar Exchange Rate may weaken further

On January 2, Jinshi Data reported that the Dutch International Group stated in a report that the Korean won fell 14% against the US dollar to 1472.50 in 2024 and may further weaken in 2025, reaching the level of 1500. Min Joo Kang, an economist at the Dutch International Group, said, 'The Fed's slowing pace of interest rate cuts and escalating trade tensions may bring greater depreciation pressure to the Korean won.' Kang added that political instability in South Korea and the widening difference in government bond yields between the United States and South Korea are also influencing factors. She expects the currency to close at 1475 in the first quarter, 1500 in the second quarter, 1450 in the third quarter, and 1425.00 in the fourth quarter.