Dollar gain, sales on hold and drop to 1,400 gain temporarily due to global dollar decline

(Seoul = Yonhap Infomax) Reporter Kyu-seon Lee = The dollar won exchange rate fell to 1,399.60 won during the day.

As the sale of foreign holdings continued, the global dollar also fell, leading to a sharp drop in dollar earnings.

In the Seoul foreign exchange market on the 7th, the dollar won exchange rate was traded at 1,402.30 won, down 16.90 won from the battlefield at 2:50 pm.

The dollar gained fell to 1,399.60 won during the day, lowering the level to 1,390 won for the first time in a month since October 6th.

The market said that although the sell-off of custody continued, the value of the global dollar plunged, increasing the decline gained by the dollar.

The dollar index continued to lower levels throughout the day. The dollar index, which rose near 111.4 this morning, fell to 110.9.

The fact that the domestic stock market maintained an upward trend also supported the decline gained by the dollar. Foreign investors are also buying the stock market net today.

Currently, the KOSPI is up 0.86%, and net foreign investors bought about 26.4 billion won. In the past month, the cumulative net purchase of the KOSPI by foreigners has reached 4 trillion won.

A foreign exchange dealer in a bank said, “As foreign buying continued in the domestic stock market, risk preference has revived, and as the dollar earned plunged, it also appeared to chase negotiators and the decline increased.”

He added, “It is not a downward trend in the dollar won, but the perception that the 1,440 won is the peak has been confirmed,” he added.

At the same time, the dollar-yen exchange rate was trading at 147.065 yen, up 0.411 yen from the New York market, and the euro-dollar exchange rate fell by 0.00108 USD to 0.99480 USD.

The fiscal yen-won exchange rate was 952.94 won per 100 yen, and the yuan-won exchange rate was 194.22 won.

kslee2@yna.co.kr
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This article was submitted at 14:59, two hours earlier on the Infomax financial information terminal.

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