Won-Dollar Exchange Rate Falls to Mid-1320s Early in Trading Session
On the 13th, the won-dollar exchange rate showed a downward trend in the early trading session.
On this day, the exchange rate opened at 1,327 won, 0.8 won lower than the previous day, and is showing a mid-1,320 won range trend. At 9:14 a.m. in the Seoul foreign exchange market, the current won-dollar exchange rate is 1,325.6 won, down 2.2 won from the previous day.
With global inflation rising due to recent increases in oil prices, market concerns about the Consumer Price Index (CPI) have grown. As the U.S. August CPI announcement approaches, a wait-and-see stance is expected to continue.
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The movements of the Japanese yen and Chinese yuan may also act as variables affecting the exchange rate. Recently, as the yuan and yen have weakened, the central banks of China and Japan have hinted at possible policy responses.
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