Exchange Rate Starts Rising on the 27th Due to Kabul Airport Terror Attack... Around 1173 Won

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] Amid a bomb attack targeting Kabul Airport in Afghanistan, the won-dollar exchange rate started higher on the 27th.

At 9:18 a.m. in the Seoul foreign exchange market, the won-dollar exchange rate was recorded at 1,173.20 won per dollar, up 2.7 won from the previous day's closing price. The exchange rate began trading at 1,171.0 won, up 0.5 won, and has mainly moved within the 1,172 to 1,173 won range.

The bomb attack at Kabul Airport in Afghanistan has triggered risk-averse sentiment, putting upward pressure on the won-dollar exchange rate.

On the 26th (local time), a bomb attack targeting Kabul Airport in Afghanistan reportedly killed at least 60 Afghan residents and injured more than 140. Ahead of the U.S. Jackson Hole meeting, investors are watching to see if there will be any remarks regarding tapering (asset purchase reduction), and hawkish comments from Federal Reserve Bank presidents (favoring monetary tightening) are also factors driving the exchange rate higher.

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