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Won Falls Below 1,490 Against Dollar for First Time in Two Months Amid Foreign Buying and Hedging
Summary by SBS
3 Articles
3 Articles
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·Seoul, Korea (the Republic of)
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The won-dollar exchange rate against the U.S. dollar stood at 1,498 won at 9:00 AM on the 14th. This represents a decrease of 5.4 won (0.35%) from the previous day's closing price. The exchange rate opened at 1,497.5 won at 6:00 AM. Forecasts suggest the rate will hover around 1,500 won today due to the military conflict between the U.S. and Iran. As geopolitical risks intensify, there is a strong tendency to prefer safe-haven assets.
Coverage Details
Total News Sources3
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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