Editor's PiCK
"Trade negotiations nearing conclusion"…won·dollar exchange rate falls to the 1410 won range
공유하기
- It said that as expectations that a Korea·U.S. trade deal would be reached spread, the won·dollar exchange rate fell to the 1410 won range.
- It stated that foreign investors' buying in the domestic stock market acted as downward pressure on the exchange rate.
- It reported that the Dollar Index against the currencies of six major countries fell from 99 to the 98 level.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Foreign investors' stock purchases also a downward pressure
As expectations spread that Korea·U.S. trade negotiations are close to being concluded, the won·dollar exchange rate fell to the 1410 won range (won value rose).
On the 16th in the Seoul foreign exchange market, the won·dollar exchange rate closed the week at 1417 won 90 jeon, down 3 won 40 jeon. It is the first time in two weeks that the rate has fallen below 1420 won since just before the Chuseok holiday on the 2nd (1400 won).
The rate opened at the same level as the previous day at 1421 won 30 jeon, rose to 1422 won 20 jeon, and then changed direction. It fell intraday to as low as 1417 won.
The won's strength was seen as a result of growing expectations that negotiations would be finalized soon, as South Korea's government negotiating team visited Washington, D.C. to wrap up tariff talks with the United States. Foreign investors' buying in the domestic stock market also acted as downward pressure on the exchange rate. Foreign investors net-bought about 652.8 billion won in the stock market that day. The Dollar Index, which indicates the dollar's value against the currencies of six major countries, slipped slightly from around 99 the previous day to the 98 level on the day.
The won·yen recalculated exchange rate stood at 938 won 51 jeon per 100 yen, down 2 won 53 jeon from the previous day's 3:30 p.m. reference price (941 won 4 jeon). Unlike the won·dollar rate, the yen·dollar rate recorded 151.074 yen per dollar, up 0.04% from the previous day.
Reporter Jin-gyu Kang josep@hankyung.com
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