On the 23rd, Won-Dollar Exchange Rate Closes at 1175.5 Won, Retracing Sharp Rise
[Asia Economy Reporter Kim Eunbyeol] On the 23rd, the won-dollar exchange rate fluctuated due to the influence of the U.S. Federal Open Market Committee (FOMC) and risks related to China's Evergrande Group, but it closed by retracing the sharp rise seen earlier in the session.
In the Seoul foreign exchange market that day, the won-dollar exchange rate closed at 1,175.5 won per dollar, up 0.5 won from the previous trading day's closing price.
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The exchange rate started at 1,183.0 won, up 8.0 won, and reached a high of 1,186.4 won, but gradually reduced its gains in the afternoon and closed the session at 1,175.5 won.
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