The previous day, the won dollar exchange rate ended at 1124.0 won, an increase of 0.5 won.
The increased risk aversion sentiment in the market seemed to retreat as the alertness caused by the rise in US Treasury yields eased, but as the domestic stock market slowed compared to the mid-week high and the Asian stock market also showed a weak mood, the exchange rate turned to rise again.
China’s Shanghai Composite Index and Japan’s Nikkei Index closed down, and the domestic stock market’s rebound was not strong enough. The KOSPI index rose by 30.92 points and 1.03% to close at 3043.87 points, while the KOSDAQ closed at 923.17 points, up by 9.23 points and 1.01%.
From a mid-term perspective, the won-dollar exchange rate is predominantly stabilized downward, but the possibility of a correction in the domestic stock market is expected to limit the won-dollar rate decline.
The domestic index, which has shown fluctuations in the box range for the second month after breaking through the 3,000 mark, has increased volatility along with short-term zenith signs, raising the possibility of adjustment. Both directions are possible for the KOSPI index, but as a technical signal, the sell signal is still being sent out.
If the KOSPI is at rest, the downward movement of the exchange rate will be limited, and the struggle could continue.
Limited fluctuations may continue until the Quadruple Switching Day in March, and the direction is expected to become clearer after that.
The exchange rate on the 3rd is affected by the movement of the Asian stock market, and the fluctuation of strong bonds is expected to be easy.
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