The dollar-won exchange rate fell below the key 1,360 level for the first time in eight months, driven by expectations of Fed rate cuts and strong foreign inflows into South Korean equities following President Lee Jae-myung’s inauguration.
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#YonhapInfomax #DollarWon #KOSPI #ForeignInvestment #FedRateCut #LeeJaeMyungInauguration #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=66341
Dollar-Won Falls Below Key 1,360 Level—What’s Driving the Sharp Won Rally
The dollar-won exchange rate fell below the key 1,360 level for the first time in eight months, driven by expectations of Fed rate cuts and strong foreign inflows into South Korean equities following President Lee Jae-myung’s inauguration.