[환율전망] “Weak dollar on risk appetite… Won-dollar exchange rate expected to fluctuate around 1,100 won”

On the 16th, foreign exchange experts predicted that the won-dollar exchange rate will fluctuate from the beginning of 1,100 won. The U.S. financial market remained closed on President’s Day, and the U.S. dollar weakened slightly.

◇ Seungji Jeon, Researcher at Samsung Futures = The KRW/USD exchange rate is expected to test at 1,100 KRW amid overall risk preference and weak dollar atmosphere. The sales burden is also expected to be maintained by confirming good exports by the 10th and news of Samsung Heavy Industries’ ship orders worth 7812 billion won the previous day. Foreigners made net purchases of 700 billion won for two consecutive business days. However, steady demand for payments and the burden of a recent steep retracement seem to limit the decline. The minutes of the Australian monetary policy are scheduled to be released on the same day, and the stock market is expected to fluctuate around the beginning of 1100 won, paying attention to foreign trends.

◇Kim Yoo-mi, Researcher at Kiwoom Securities = One month of NDF won-dollar exchange rate is expected to start at 1102.3 won, but a slight decline in the weak dollar and preference for risky assets is expected. The dollar declined as the pound strengthened on anticipation of the supply of vaccines and normalization of economic activity, and the euro also rose in tandem.

The European stock market rose as sentiment for risky assets rose amid expectations of an economic recovery, while the spread of vaccines and the normalization of economic activities, led by the UK, led the pound to a three-year high. In the UK, news that more than 15 million people have completed the first vaccination of the novel coronavirus infection (Corona 19) vaccine has been reported, and the possibility of lifting the blockade from school on March 8 is increasing and increasing.