Dollar-won exchange rate climbs to mid-1,480s in New York trading as risk-aversion intensifies amid US-Iran conflict and surging oil prices, with Qatar warning crude could hit $150 per barrel if Strait of Hormuz closes, while markets await key US employment and retail sales data
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Dollar-Won Trades in Mid-1,480s in New York Session
Dollar-won exchange rate climbs to mid-1,480s in New York trading as risk-aversion intensifies amid US-Iran conflict and surging oil prices, with Qatar warning crude could hit $150 per barrel if Strait of Hormuz closes, while markets await key US employment and retail sales data
Seoul FX dealers forecast the dollar-won exchange rate to rise toward 1,475-1,505 won on March 4th amid risk-off sentiment from falling U.S. stocks, Middle East tensions, and surging NDF rates, though export company dollar sales may limit gains at higher levels.
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[Today's Forex Dealer Expected Exchange Rate Range]Seoul FX Dealers Expect Won to Weaken on Risk-Off Sentiment, Middle East Tensions
Seoul FX dealers forecast the dollar-won exchange rate to rise toward 1,475-1,505 won on March 4th amid risk-off sentiment from falling U.S. stocks, Middle East tensions, and surging NDF rates, though export company dollar sales may limit gains at higher levels.
New York stocks closed mixed as investors treated the U.S.-Iran war as a removal of uncertainty, with strong bargain hunting lifting the Nasdaq 0.36% while the Dow slipped 0.15% and the S&P 500 edged up 0.04%
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[New York Stock Market - First Report]Iran War Removes Uncertainty - Nasdaq Closes Higher
New York stocks closed mixed as investors treated the U.S.-Iran war as a removal of uncertainty, with strong bargain hunting lifting the Nasdaq 0.36% while the Dow slipped 0.15% and the S&P 500 edged up 0.04%
Dollar-Won Hits New High - Will US-China Tariff War Push It to 1,500 Won?
Dollar-won exchange rate surges to 1,480 range amid escalating US-China trade tensions, raising concerns of potential breach of 1,500 won level as market sentiment turns risk-averse.
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