Hedge funds eye South Korean won as Taiwan dollar surges
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Hedge funds eye South Korean won as Taiwan dollar surges
Hedge funds are stepping up strategic plays on the South Korean won, positioning for a rally akin to the Taiwan dollar’s sharp appreciation against the US dollar this month, according to a report by Bloomberg. Options market activity in the dollar-won pair has surged, with trading volumes hitting year-to-date highs last week, according to DTCC data. Market participants attribute the uptick to speculation surrounding recent US-Korea currency disc…
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