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Won seen in oil-linked range as BoK hike case builds

Commerzbank said firmer South Korean inflation supports a 25 basis point Bank of Korea rate increase to 2.75% on July 16.

Reported · Written up by our desk · Central Banks

FXStreet reports that Commerzbank’s Charlie Lay views the South Korean won through an oil-linked trading range ahead of the Bank of Korea meeting.

The bank argued that elevated South Korean inflation strengthens the case for a 25 basis point hike to 2.75% on July 16.

Sources

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