On the 29th, the won/dollar exchange rate rose for the first time in 4 trading days and closed below 1,300 won.
In the Seoul foreign exchange market, the exchange rate of the won against the dollar ended at 1,299.0 won per dollar, up 15.6 won from the previous day’s closing price.
The market’s preference for safe assets was strengthened on the day after the US economic indicators showed a slump last night, such as the US Consumer Confidence Index for June was lower than the market’s expectations.
The exchange rate started at 1,292.4 won, up 9.0 won from the previous day’s closing price, and then fluctuated in the mid-1,290 range, then showed a sharp upward trend at the end of the day and peaked at 1,299.6 won.
Kim Seung-hyeok, a researcher at NH Futures, said, “The recent economic indicators have been sluggish, and the market is focusing on the possibility of a recession rather than the possibility of an economic slowdown.” “he explained.
On the 30th, the core personal consumption expenditure (PCE) price index for May, which is the preferred price index of the US Federal Reserve (Fed), will be released.
The PCE price index is a price index that the Fed looks more important than the consumer price index (CPI), and market volatility may increase depending on the results of the PCE price index.
As of 3:30 pm, the won/yen fiscal exchange rate is 955.89 won per 100 yen.
At 3:30 pm the day before, it rose 8.28 won from the base price (947.61 won).
/yunhap news
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