ANZ's Goh on Emerging Markets Asia FX

The video discusses the rate hiking cycle in Asia, highlighting Malaysia and Australia, and its positive impact on Asian currencies against the US dollar. It emphasizes the strength of domestic economies and the potential benefits of China's reopening. The analysis covers China's economic policies, the bullish outlook on the Yuan, and the impact of tourism on the Thai Baht. The video also addresses the challenges faced by the Korean Won, including recession fears and trade deficits, while noting potential recovery signs in semiconductor exports.

What are the current challenges faced by the Korean Won as mentioned in the text?

Discuss the potential for the South Korean economy to return to a trade surplus and its implications for the Won.