Korean Won to Rally on Easing Risks and Inflows, Strategists Say

The Korean won may rebound back to levels seen before the US-Iran war in the second quarter because of lower oil prices and foreign inflows to stocks, strategists said.

The currency will climb to 1,420 a dollar, implying a 4% gain from current levels, according to Woori Bank. NH Investment & Securities and KB Kookmin Bank see it at around 1,450, compared with 1,440 before the conflict. The won fell as much as 0.5% on Thursday to 1,484.55, after seven straight sessions of advances.