Dollar-won 1,561.50rose to won, 6month 10day U.S. CPI is the variable
The dollar-won exchange rate rose to 1,561.50won in overnight trading. This week, foreign investors’ net selling and the U.S. 5monthly price index (6month 10day) are expected to determine the exchange-rate trend.
This week (8–12day), the Seoul foreign-exchange market is expected to be determined by foreign investors’ net selling of stocks and the U.S. 6month 10day release of the 5monthly price index. Market participants are watching the indicator. Foreign investors’ trading trends are affecting the exchange rate.
Last month, on 15day, the dollar-won exchange rate exceeded 1,500won. Based on the Seoul market closing rate, the exchange rate has not shown a major change in direction since then. Amid continued foreign investors’ net selling, the exchange rate has not shown a signal of a stable reversal.
In overnight trading, the dollar-won exchange rate rose to 1,561.50won in response to the release of strong U.S. employment data. This rise occurred alongside the exchange rate’s upward trend over the past month. The market is showing signs of expanding foreign-exchange volatility.
The dollar-won pair fluctuated at a high of 1,597.00won and 1,600won. Some traders view this level as an important point to watch. Traders are closely monitoring supply and demand in this range.
Key variables this week include foreign investors’ net selling and 6 month 10 day, when the U.S. inflation figures will be released. Market participants are watching trading trends before and after the data release. The domestic foreign exchange market and supply and demand for large-cap stocks require attention.
Sources: 연합인포맥스
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