Continuous threats made by North Korea are beginning to wear thin on South Korea's market.That said, the won has been volatile over the last few months. CT asks the experts what is really driving the won.
Khoon Goh, senior FX strategist, ANZ (pictured):
The Korean won is the worst performing Asian ex-Japan currency so far this year. The won has been hit by numerous blows, ranging from the Vanguard benchmark changes in mid-January which led to large foreign selling of Korean equities, to yen weakness and North Korean tensions. Continued weakness in the domestic economy can also be added to the list.
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