The won-dollar exchange rate started rising by 0.4 won… U.S. tightening vigilance continues

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[사진=게티이미지뱅크]

The won-dollar exchange rate started rising on the 18th.

In the Seoul foreign exchange market, the won-dollar exchange rate started trading at 1230.0 won, up 0.4 won from the closing price of the previous trading day.

The dollar continued to fluctuate within a strong consolidation zone as the New York financial market was closed and the US Federal Reserve (Fed) continued to be wary of austerity.

U.S. Federal Reserve members’ hawkish remarks and the 50bp rate hike at the Federal Open Market Committee (FOMC) in May continued to lift the dollar. Uncertainties surrounding Ukraine’s crisis continued to weaken the euro, which in turn supported the dollar’s appreciation.

Kim Yu-mi, a researcher at Kiwoom Securities, said, “As external uncertainty factors such as a strong dollar and the Fed’s austerity concerns remain, we expect the market to fluctuate within a weak range.”


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