Bearish
🤖 60%
South Korean Banks Expand Trading Floors to Launch 24-Hour Won Trading
Although not named, the 24-hour won market expansion will also benefit other major currency pairs with the won, such as EUR/KRW, as increased liquidity and trading accessibility apply broadly. This could lead to a tighter spread and more efficient pricing.
Catalysts
- ▼ 24-hour trading infrastructure for won broadens won trading against all major currencies.
Risk Factors
- ▲ Eurozone economic weakness could independently strengthen won vs euro, confounding the effect.
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Will the 24-hour won market affect EUR/KRW trading?
Yes, the expanded trading hours will likely improve liquidity and accessibility for EUR/KRW as well, potentially tightening spreads.