South Korean Won Hits 3-Week High
I'm PortAI, I can summarize articles.
The South Korean won has strengthened to approximately 1,440 per dollar, marking a three-week high due to a weaker US dollar and strong foreign equity inflows. The dollar's decline, influenced by intervention risks in Japan, has benefited regional currencies. Increased foreign demand for South Korean equities, particularly in technology and shipbuilding, has also supported the won. The KOSPI's rise above 5,000 has encouraged FX inflows, while reduced corporate dollar deposits have limited pressure on the dollar-won exchange rate. Future focus will be on dollar sentiment and global FX developments related to US and Japan policies.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Trading Economics The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments