Dollar-won exchange rate plunged over 30 won intraday to early 1,470s as foreign investors net purchased over 2 trillion won in Korean stocks following U.S.-Iran ceasefire agreement, with KOSPI surging 7.2% and WTI crude falling 16% amid global risk-on sentiment before FOMC minutes release.
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[Seoul Foreign Exchange Market]Won Rebounds to Early 1,470s on Foreign Stock Buying - Down 29.80 Won
Dollar-won exchange rate plunged over 30 won intraday to early 1,470s as foreign investors net purchased over 2 trillion won in Korean stocks following U.S.-Iran ceasefire agreement, with KOSPI surging 7.2% and WTI crude falling 16% amid global risk-on sentiment before FOMC minutes release.
Today's Global Economic Indicators and Schedule
Key global economic events scheduled for April 8 include Fed Vice Chair Jefferson's speech, RBNZ rate decision, Eurozone economic data releases, and FOMC minutes publication
Divisions within the US Federal Reserve are intensifying, clouding monetary policy outlook and fueling sustained downward pressure on the US dollar amid political and economic uncertainty.
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Growing Divisions Within the Fed Fuel Downward Pressure on US Dollar
Divisions within the US Federal Reserve are intensifying, clouding monetary policy outlook and fueling sustained downward pressure on the US dollar amid political and economic uncertainty.
Gold prices held steady above $5,000 per ounce as geopolitical tensions with Iran and the possibility of a US Federal Reserve rate hike kept the market in a narrow range, with traders watching for further developments.
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US Treasuries Remain Under Pressure as Hawkish FOMC Minutes Weigh on Market
US Treasury yields rose as hawkish FOMC minutes and persistent inflation concerns fueled continued selling, while jobless claims fell and the trade deficit widened.
The Korean won closed marginally higher at 1,445.50 per dollar, as strong exporter supply offset foreign equity outflows and a firmer US dollar, with trading subdued amid Lunar New Year holidays and ongoing geopolitical risks.
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[Seoul Foreign Exchange Market Closing]Won Holds Firm Despite Strong Dollar as Exporter Supply Caps Gains—Up 0.60 Won
The Korean won closed marginally higher at 1,445.50 per dollar, as strong exporter supply offset foreign equity outflows and a firmer US dollar, with trading subdued amid Lunar New Year holidays and ongoing geopolitical risks.
FX Swap Points Fall as Divergence in US-Korea Rate Path Weighs on Market
South Korea’s FX swap points fell as diverging interest rate outlooks between the US and Korea weighed on the market, following FOMC minutes that kept rate hike options open.
The dollar-won exchange rate hovered in the low 1,450s amid strong dollar momentum, with exporter selling capping gains and foreign investors net selling KOSPI shares; market volatility remains elevated on global risk factors and policy signals.
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[Seoul Foreign Exchange Market-Morning]Level Caution Amid Strong Dollar—Dollar-Won Rangebound in Low 1,450s
The dollar-won exchange rate hovered in the low 1,450s amid strong dollar momentum, with exporter selling capping gains and foreign investors net selling KOSPI shares; market volatility remains elevated on global risk factors and policy signals.
S&P 500 Futures Rise in Asian Trading as US Treasury Yields Climb
US equity index futures advanced in Asian trading on February 19, tracking Wall Street gains, while Treasury yields rose and investors awaited key US inflation data.
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