Since July, it has surged 14%! FX options traders are betting the Korean won's rally will continue.

Zhitong Finance APP has learned that foreign exchange options traders are betting that the South Korean won's momentum as the best-performing Asian currency since July will continue. On Wednesday, the premium gap between one-month options that benefit from a rise in the USD/KRW exchange rate and those that profit from a decline in USD/KRW narrowed for a third consecutive day, indicating that expectations for further strengthening of the won are heating up.