On the 3rd, the won-dollar exchange rate closed at 1188.3 won, up 2.9 won... rising for the second consecutive day
[Asia Economy Reporter Eunbyeol Kim] The KRW-USD exchange rate closed higher for the second consecutive day.
On the 3rd, in the Seoul foreign exchange market, the KRW-USD exchange rate closed at 1,188.3 won per dollar, up 2.9 won from the previous day's closing price. Shortly after the market opened, the exchange rate rose 3.4 won to reach a high of 1,188.8 won, then narrowed its gains as the KOSPI index climbed.
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Subsequently, the KRW-USD exchange rate expanded its gains again, linked to the offshore yuan exchange rate movements driven by the strength of the US dollar.
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