Dollar-won, once fell to the 1,490won range in the London session
The dollar-won exchange rate briefly slipped to the low 1,490won range in the London session, then fluctuated around 1,500won in the afternoon session in Seoul. Foreign net selling, Middle East tensions, and Hanwha Ocean’s forward exchange sales were among the factors behind the index movement.
The dollar-won exchange rate widened its losses in the London session and at one point fell to the low 1,490won range. Exchange-rate fluctuations affect foreign capital flows and the earnings of export and import companies.
As of the afternoon 5:40 the dollar-won was trading at 1,496.00won.
This was below the previous trading day’s Seoul session close (1,501.40won) by 5.40won.
In the afternoon 3o'clock and 30minutes, it was traded at 1,503.40 won.
At that time, it was 2.00 won higher than the previous day's closing price.
At the start of trading, it opened at 1,498.50 won and touched a low of 1,497.20 won.
In the afternoon, after rising to around 1,509 won, it mostly moved in the 1,500 won range.
During Seoul trading hours, rising international oil prices amid Middle East concerns, a stronger global dollar, and foreign investors' stock selling pushed the exchange rate higher.
Foreign investors 1shares worth more than 6,000 billion won on the securities market on a net selling basis.
Meanwhile, the dollar-won pair’s further upside was limited in the afternoon as large-scale forward dollar selling by Hanwha Ocean emerged.
Sources: 연합인포맥스
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