Won Daily: Dollar Closes at 1,356.6 Won, Above 1,350
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The won-dollar exchange rate against the US dollar stood at 1,357.8 won at 9:00 AM on the 6th. This represents an increase of 15.7 won (1.16%) from the previous day's weekly closing price. Forecasts suggest the exchange rate could rise to as high as the 1,360 won range today. This is due to dampened investor sentiment toward risky assets, such as the decline in the New York stock market following the US midterm elections. The won is considered a…
The won-dollar exchange rate rose to the 1,360 won range for the first time in about a month, as risk aversion in global financial markets intensified amid spreading concerns over tightened regulations on artificial intelligence (AI) data centers following the U.S. midterm elections. Continued large-scale selling by foreign investors in the domestic stock market also fueled the depreciation of the won. On the 6th, the won-dollar exchange rate in…
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With the KOSPI index plunging more than 8% immediately after the market opened, the won-dollar exchange rate is fluctuating within a relatively narrow range in the mid-1,350 won range even after the stock market opened. (Photo = AFP) As of 9:40 a.m. on the 6th in the Seoul foreign exchange market, the won-dollar exchange rate stood at 1,356.95 won, up 14.85 won from the closing price (1,342.1 won) at 3:30 p.m. on the previous trading day. Before…
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