Reported 1 day ago
Hedge funds are increasing their bets on the South Korean won, hoping it will follow the Taiwanese dollar's recent rise against the US dollar. Recent data shows a significant spike in options trading for the dollar-won pair, with hedge funds showing a preference for put options amid speculation of currency direction discussions between Korea and the US. Investor interest in the won is fueled by expectations of strong trade performance and economic shifts in the region.
Source: YAHOO