South Korea's dollar-won exchange rate is expected to trade around the upper 1,420 won range, as authorities' verbal intervention tempers bullish sentiment and export-related dollar selling supports a modest downward trend, though global dollar strength and overseas investor demand may provide a floor.
#YonhapInfomax #DollarWon #ExchangeRate #BankOfKorea #VerbalIntervention #ExportDemand #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=85335
[Today's Forex Dealer Expected Exchange Rate Range]
South Korea's dollar-won exchange rate is expected to trade around the upper 1,420 won range, as authorities' verbal intervention tempers bullish sentiment and export-related dollar selling supports a modest downward trend, though global dollar strength and overseas investor demand may provide a floor.
Cautious Stance Prevails in Seoul FX Market Ahead of Jackson Hole—Positioning Remains Unclear
Uncertainty over the US Fed’s rate path has led to cautious sentiment in Seoul’s FX market, with participants awaiting signals from Jackson Hole before taking positions.
China’s Caixin manufacturing PMI rebounded to 50.4 in June, signaling renewed expansion after May’s contraction, as domestic demand and policy support lifted production and orders, though export demand remained weak.
#YonhapInfomax #Caixin #ManufacturingPMI #China #ExportDemand #YuanExchangeRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=70186
Caixin China Manufacturing PMI Rises to 50.4 in June, Returns to Expansion After One Month
China’s Caixin manufacturing PMI rebounded to 50.4 in June, signaling renewed expansion after May’s contraction, as domestic demand and policy support lifted production and orders, though export demand remained weak.
[Dealing Room Back Briefing]Hong Kong Manufacturing Hit by Trump Tariffs - 'Layoffs and Closures Inevitable'
Hong Kong manufacturers face potential layoffs and closures due to U.S. tariffs, with experts warning of a vicious cycle as exporters struggle with decreased demand and rising costs.
Fitch downgrades South Korea's 2025 GDP growth forecast to 1.3%, citing unfavorable U.S. tariff policies and weakened export demand, while projecting gradual recovery in consumer spending and corporate investment.
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Fitch Lowers South Korea's 2025 Real GDP Growth Forecast to 1.3% Again (Update)
Fitch downgrades South Korea's 2025 GDP growth forecast to 1.3%, citing unfavorable U.S. tariff policies and weakened export demand, while projecting gradual recovery in consumer spending and corporate investment.
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