Deutsche Bank
FX Blueprint 2026: The Great Rotation
LIVE12 December 2025USD bearish
Back to CurrenciesBullish
USD/KRW
KRW significantly undervalued and set for WGBI inclusion flow boost. Tech cycle
DB Forecast Path
Cross-Firm Forecast Comparison
Key Drivers
WGBI inclusion
Tech cycle recovery
Undervaluation
Current account surplus
Portfolio rebalancing
All Firm Targets (Dec '26)
JPMNeutral1440.00
INGModerately Bullish1400.00
BARCModerately Bullish1390.00
MUFGModerately Bullish1385.00
GSBullish1380.00
BofABullish1370.00
MSBullish1360.00
DBBullish1350.00
Analysis Summary
KRW significantly undervalued and set for WGBI inclusion flow boost. Tech cycle recovery adds fundamental support. Targeting 1350.