Dollar Strengthens... Won-Dollar Exchange Rate at 1185~1186 Won Range Early in Trading
[Asia Economy Reporter Jang Sehee] The won-dollar exchange rate fluctuated around 1185~1186 won on the 5th.
At 9:34 a.m. in the Seoul foreign exchange market on the same day, the won-dollar exchange rate was 1186.4 won, up 3.8 won from the previous day's closing price.
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Overnight, the Bank of England (BOE), the central bank of the UK, surprised the market by deciding to keep the base interest rate at a record low of 0.1%, which appears to have caused the pound to plummet. As a result, the dollar's strength continues.
This content was produced with the assistance of AI translation services.
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