GC
Corporates pull back from USD/KRW options
Corporate investors with exposure to the Korean won are choosing to stay out of the options markets this week, as the KRW strengthens against the US dollar.
Traders and structurers noted both importers and exporters with KRW exposure had refrained from entering the options market, due to the swift nature of the USD/KRW appreciation. USD/KRW hit a five year high this week as the Bank of Korea allowed the pair to appreciate to 1040 from
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