Weekly FX Trend 2020 June 22 Monday

International Trade Business Support Department -U.S Dollar Exchange Market Last Week's & Volume Korean Won-U.S. Dollar Trend

Daily KRW= 2019-04-12 - 2020-07-15 (SEL) Price EMA, KRW=, 2020-06-12, 1,211.19, SMA, KRW=, 2020-06-12, 1,220.16, SMA, KRW=, Price /USD 2020-06-12, 1,222.42, SMA, KRW=, 2020-06-12, 1,222.93, Cndl, KRW=, 1,222.93/USD 2020-06-12, 1,206.10, 1,206.10, 1,204.64, 1,205.66, -0.44, (-0.04%) 1,280 1,222.42 1,220.161,220 1,260 1,211.191,210

1,240 1,200 1,190 1,220 1,180 1,205.66 1,200 1,170

1,180 1,160 1,150 1,160 1,140 1,140 1,130

5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2

Last Week's Trend This Week's Outlook

The Korean won-U.S dollar (KRW-USD) exchange The high likelihood of a second wave of the rate opened the week up, amid a stronger coronavirus in the U.S. is expected to contribute to preference for safe-haven assets stemming from stronger risk-averse sentiment. Furthermore, concerns about a global second wave of the tensions between South and North are coronavirus. The rate then turned slightly forecast to fuel market anxiety. Such factors will downward as risk-on sentiment strengthened in limit the KRW-USD exchange rate’s downward response to pump-priming policies announced by trend this week. the U.S. Federal Reserve and the Bank of . At mid-week, rising tensions on the Korean peninsula after North Korea blew up an inter-Korean liaison office in the North's Gaeseong city strengthened risk-averse sentiment. Though the U.S. and held a meeting last week, conflict between the two nations remains as President Trump again blamed China for the coronavirus. At the end of the week, amid a host of geopolitical issues and continued concerns about the coronavirus pandemic, the KRW-USD exchange rate closed the week up.

TRADING RANGE 1,200~1,225 1150 - 1200

Weekly FX Trend is produced for customers for reference purposes only, and Hana Bank assumes no direct or indirect responsibility for customers’ decisions based on this document.

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