Rebounding won, Vietnam politics, dovish surprises

The rebound in the won is unlikely to be welcomed by the country’s struggling exporters, but will come as a relief to the Bank of Korea, which had become worried that higher import prices would keep inflation above target for longer.

Meanwhile, in Vietnam, the unexplained ousting of President Nguyen Xuan Phuc and two deputy prime ministers is a concern. If investor perceptions of the country shift as a result of the instability and uncertainty, it could lead to a drop in investment and harm the country’s long-run prospects.