Won-Dollar Exchange Rate Breaks Through Yearly High... Touches 1345 Won Intraday (Update)
On the 26th, the won-dollar exchange rate, which started higher, surpassed the previous high of 1,343 won.
In the Seoul foreign exchange market on the day, the exchange rate began trading at 1,339.8 won, up 3.3 won from the previous day, fluctuated around 1,340 won, and rose to 1,345 won as of 11:43 a.m.
As the U.S. Federal Reserve's (Fed) high interest rate policy is expected to continue for a long time, U.S. Treasury yields have been rising continuously, and the global dollar showed strength.
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Reflecting the global dollar strength, the exchange rate surpassed the intraday high of 1,343.0 won recorded on August 17, reaching a new peak.
This content was produced with the assistance of AI translation services.
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