The won/dollar exchange rate, which had soared for two days, started falling on the 10th.
On this day, the won/dollar exchange rate in the Seoul foreign exchange market was 1,137.1 won per dollar, down 3.2 won from the previous day at 9:11 am.
The exchange rate started trading at 1,136.5 won per dollar, down 3.8 won from the previous day, showing limited movement in the 1,136-1,138 won range.
The exchange rate, which rose by 7.1 won every two days in a row, seems to be breathing under the influence of the drop in US Treasury yields last night.
The US stock market closed higher as the 10-year Treasury bond yield stabilized at the low and mid-1.5% range, and the value of the dollar recently rebounded sharply, showing a calming trend as well.
The fact that the Organization for Economic Co-operation and Development (OECD) raised the global economic growth rate also gave a sense of relief to investment sentiment. The OECD announced this year’s global economic growth forecast to 5.6%, up 1.4 percentage points from last December, and next year’s forecast to 4.0%, up 0.3 percentage points.
Samsung Futures researcher Jeon Seung-ji said, “Due to the fall in the US Treasury bond rate, the dollar is weak in all directions, and the won/dollar exchange rate will also subside the sharp rise of the previous day.” Said.
However, as the US Federal Open Market Committee (FOMC) is scheduled to bid for 10-year and 30-year Treasury bonds from 11 to 12 next week, market volatility is expected to remain severe ahead of this.
At the same time, the KRW/yen financial exchange rate is 1,047.3 KRW per 100 yen. The previous day at 3:30 pm, it rose 2.3 won from the standard price (1,045.00 won).
/yunhap news
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