[앵커]
The won/dollar exchange fee crossed 1,380 gained through this early morning, the maximum in 13 decades and 5 months.
Let us hook up with reporters to come across out far more. Byung-han Reporter Park
[기자]
Certainly, it is the Ministry of Financial state.
The trade fee keeps likely up, correct?
[기자]
Indeed.
The gained/greenback trade level broke the 1,380 won mark for the initial time in 13 many years and 5 months, and is at this time hovering in between 1,386 received and 1387 gained.
The trade fee exceeded 1,380 won for the first time in 13 years and 5 months since the 1,392. gained on April 1, 2009, throughout the world wide economic disaster.
After breaking as a result of 1,300 obtained on June 23rd, the trade rate broke by means of 1,350 acquired and gained 1,360 in the past week, and even this week, it broke by 1,370 obtained on the 5th and entered into’ r 1,380 range two days soon after breaking by.
This is interpreted since the United States has regularly stated its intention to continue on with austerity measures, and dollars is directed to the greenback.
Import price ranges increase owing to the sharp rise in the trade level, and the Bank of Korea raises the foundation interest price accordingly in reaction.
And the vicious cycle carries on, exactly where these actions lead to economic decline yet again.
At the FOMC conference of the US Federal Reserve to be held on the 20th, the US is probable to just take another huge phase to raise the key interest fee by .75 proportion factors.
The stock marketplace is also down.
The KOSPI fell under the 2,400 stage, and as of this time, the 2,370 level is hovering all around the 2,370 amount, and the KOSDAQ is at the 770 level.
Samsung Electronics, identified as the KOSPI inventory market, fell extra than 1.5%, hovering all-around 56,000 received.
It has been described by the Ministry of Economic system.
YTN Park Byung-han (bhpark@ytn.co.kr)
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