The dollar-won exchange rate fell as dovish signals from the US Federal Reserve and Chair Jerome Powell fueled expectations for further rate cuts, pushing the rate down 5.20 won to 1,465.20, while the KOSPI rose and the dollar weakened globally.
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[New York Market Briefing](25th)
US stocks fell for a second day as Fed Chair Powell's warning on overvalued equities and AI bubble concerns weighed on sentiment; Treasury yields and oil prices rose.
[Today's Forex Dealer Expected Exchange Rate Range]Dollar-Won Expected to Trade in Mid-1,390 Range as Dealers Eye Foreign Outflows
South Korean dealers expect the dollar-won to trade in a narrow range around 1,390, with Powell’s comments and potential foreign outflows driving cautious sentiment.
Dollar-Won Eases to Low 1,350s as Dollar Index Falls—Up 3.10 Won
The dollar-won exchange rate eased to the low 1,350s as the dollar index declined, with markets watching Fed Chair Powell’s comments and anticipating potential US rate cuts.
South Korea’s won is expected to trade in the upper 1,350s against the dollar as early Fed rate cut bets and exporter supply weigh on the greenback, with dealers eyeing a 1,352–1,363 won range.
#YonhapInfomax #DollarWon #FederalReserve #ExchangeRate #ExporterSupply #PowellRemarks #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=69442[Today's Forex Dealer Expected Exchange Rate Range]Dollar-Won Expected to Trade in Upper 1,350s as Early Fed Rate Cut Bets Weigh on Greenback
South Korea’s won is expected to trade in the upper 1,350s against the dollar as early Fed rate cut bets and exporter supply weigh on the greenback, with dealers eyeing a 1,352–1,363 won range.
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