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The won is most likely to slide past the psychological threshold of 1,400, especially considering that Trump's pledges have been rattling Seoul’s currency market even before his victory,
Hana Bank researcher Seo Jung-hoon said This means the U.S. Federal Reserve will put the brakes on its rate-cutting cycle, drawing more investors to invest in dollars instead of the won,
Daishin Securities analyst Lee Ju-won said The heavier tariff means less competence over exports from Korea, whose economy is largely dependent on trade,
The threat will add to economic uncertainty as witnessed when Trump was formerly in office, prompting more investors to pull out of emerging markets in search of safe haven assets,
Jin Ok-hee, a research fellow at Hana Institute of Finance, said The Fed apparently would not lower its base in such economic circumstances, which, in turn, would weigh on the value of the Korean currency,
These companies contribute significantly to the Korean economy, and the uncertain outlook for their U.S. operations is undoubtedly a factor in the won's depreciation past the 1,400 level,
One of our core beliefs about elections and markets is that the latter must endure some temporary repricing around this event every few years, but that these dislocations have tended to be temporary in nature,
Paul Christopher, Wells Fargo's head of global investment strategy, wrote in a note Trump remains unpredictable and erratic,
said Berenberg Bank chief economist Holger Schmieding in a note to clients Investors are bracing for tariffs and a clampdown on (US) immigration, policies considered to be inflationary which are likely to mean interest rates may be more elevated in the years to come,
said Susannah Streeter, head of money and markets at Hargreaves Lansdown With the Federal Reserve expected to announce a likely 25 basis-point cut tomorrow, we are already seeing expectations reined in for the December meeting given the perception that Trump's policies are inherently inflationary,
forecast Joshua Mahony, analyst at traders Scope Markets Trump trade is in full swing,
noted Ipek Ozkardeskaya, senior analyst at Swissquote Bank Another Trump presidency is likely to place emphasis on energy independence and his policies are likely to favour fossil fuels, promoting deregulation in the oil, gas, and coal industries,
I do think Trump 2.0 will be different from Trump 1.0... I expect him to push through a lot of fast major legislation within the first 100 days, so hold on to your hats,
If we look at the long end of the curve, that reflects the fact that both candidates are not exactly fiscal conservatives, they're both willing to use the fiscal printing press,
said Arnim Holzer, global macro strategist at Easterly EAB Risk Solutions With a Fed that's compelled to cut rates despite clear signs of bottoming inflation. This is one of the most challenging environments for the USD that I have seen in my career."
He wrote on social media platform X Although there are still votes left to count, as Trump nears a victory, the US dollar index has picked up steam,
said James Kniveton, a senior corporate forex dealer at Convera But even without control of Congress, a Trump victory would be decidedly dollar bullish via the impact of tariffs and the dollar should especially outperform against high-beta currencies,
Markets are growing confident that the election result will be called and that a ‘red sweep’ of Congress is possible,
said Ben Emons, founder of Fedwatch Advisors in Washington As Trump’s policies in trade tariffs and tax cuts may lead to higher inflationary pressure and a wider fiscal deficit, the Fed may be less dovish than before,
said Gary Ng, senior economist at Natixis in Hong Kong The consequence is a higher path of rates,
said Nick Ferres, chief investment officer at Vantage Point Asset Management in Singapore
