Won-Dollar Exchange Rate Ends Higher... Maintains 1080 Won Level (Comprehensive)

On the 8th, at the Woori Bank dealing room in Jung-gu, Seoul, employees are working as the KOSPI opened at 2745.13, down 0.31 points (0.01%) from the previous trading day. The KOSDAQ opened at 927.69, up 0.81 points (0.09%) from the previous trading day. The won-dollar exchange rate started at 1084.0 won, up 1.9 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Jang Sehee] On the 10th, the Korean won exchange rate against the US dollar closed higher.

On that day, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,087.7 won per dollar, up 2.9 won from the previous day.

The exchange rate started the session at 1,087.5 won, up 2.7 won from the previous day's closing price, fluctuating between 1,084 and 1,088 won. It did not break below the 1,080 won level.

In particular, overnight in the international financial markets, risk asset preference weakened, pushing the won lower that day.

First, there was a forecast that the US Congress would face difficulties passing a large-scale stimulus package.

The White House proposed a $916 billion (approximately 996 trillion won) stimulus package to the Democratic Party, and Mitch McConnell, the Republican Senate Majority Leader, suggested resolving the remaining issues by excluding the liability protection clause and local government support plan, which are points of contention between the two parties. However, since the Democrats opposed all of these, the outlook is that the conflict between the two parties will continue.

Meanwhile, as of 3:30 PM, the won-yen exchange rate was 1,041.46 won per 100 yen, down 0.16 won from the previous day's 3:30 PM reference price of 1,041.62 won.

This content was produced with the assistance of AI translation services.