© Reuters. [오늘의 환율전망] ‘Inflation concerns’ start rising by 6 won… Strengthening risk asset avoidance
The won/dollar exchange rate is expected to start rising.
On the 10th, Kiwoom Securities predicted that the 1-month contract for New York difference-settled futures (NDF) would start at 1257.30 won, rising by 7 won.
As the New York stock market fell led by higher Treasury bond yields and tech stocks, risk aversion in the financial market was reinforced again. The euro left its policy rate unchanged at the European Central Bank’s (ECB) monetary policy meeting, but predicted rate hikes in July and September. However, the euro fell as the perception that the 0.25 percentage point baby step hike in July was relatively less hawkish than the Fed’s big step hike continued.
Kim Yu-mi, a researcher at Kiwoom Securities, said, “The dollar rose as risk aversion following the decline in the New York stock market and the euro fell after the ECB monetary policy meeting. ” he predicted.
Read at Money S