Dollar-won 1,507.10falls to won, with Samsung labor-management talks in focus
20In the Seoul foreign exchange market, the dollar-won exchange rate was, in the morning 11 as of the hour, down from the previous day by 0.70 won to 1,507.10 won. The authorities’ final talks with Samsung’s labor union also drew attention as gains narrowed amid caution over intervention at the won level, and the rate turned lower during the morning.1,510 won level, caution over intervention by the foreign exchange authorities intensified. Their caution subsequently led to a narrowing of gains. As a result, the market turned lower during the morning.
20In the Seoul foreign exchange market, the dollar-won exchange rate was, in the morning 11 as of the hour, down from the previous day by 0.70 won to 1,507.10 won. Early in trading, a sharp rise in global interest rates heightened valuation concerns over risk assets. After reaching an early-session high, the upper end gradually retreated.
1,510At the won level, caution over intervention by the foreign exchange authorities intensified. The authorities’ caution subsequently led to a narrowing of gains. As a result, the market turned lower during the morning.
The dollar-won exchange rate, in the morning 11 at 1 minutes, was down from the previous day by 1.00 won to a low of 1,506.80 won. This was at a similar level to the reading as of 11 in the morning. Short-term volatility was evident in the day’s trading.
The sharp rise in global interest rates was cited as the backdrop to the exchange-rate movements that day. Risk aversion was reflected first in early trading. Thereafter, vigilance over fine-tuning by the foreign exchange authorities was repeatedly observed.
Meanwhile, the final negotiations between Samsung Electronics and its labor union drew attention. The news was mentioned alongside the foreign exchange market's movements that day. The article cited the status of the negotiations as a point of interest.
In morning trading, the upper end was pushed down, and an overall shift to declines was confirmed. In subsequent trading as well, vigilance over fine-tuning by the authorities continued to be mentioned. The dollar-won exchange rate fell in morning trading.
Sources: 연합인포맥스
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