The dollar-won exchange rate is consolidating in the mid-1,440s as strong real demand and intervention concerns support the lower bound, while global dollar weakness and foreign equity inflows add downward pressure.
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[Yoon Woo Shin's FX Analysis] In Need of Dollars
The dollar-won exchange rate is consolidating in the mid-1,440s as strong real demand and intervention concerns support the lower bound, while global dollar weakness and foreign equity inflows add downward pressure.
The one-month dollar-won NDF rose to 1,443.80 won in New York, up 1.45 won from Seoul’s spot close, as the US dollar weakened on disappointing manufacturing data and South Korea’s FX reserves declined due to market stabilization efforts.
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NDF Rises to 1,443.60/1,444.00 Won—Up 1.45 Won
The one-month dollar-won NDF rose to 1,443.80 won in New York, up 1.45 won from Seoul’s spot close, as the US dollar weakened on disappointing manufacturing data and South Korea’s FX reserves declined due to market stabilization efforts.
Dollar-Won Closes at 1,445.60 as Gains Narrow on Weak US Manufacturing Data
The dollar-won exchange rate closed at 1,445.60, narrowing gains as weak US manufacturing data prompted a shift to a weaker dollar and stronger won, with trading volume reaching $12.11 billion.
Today's Global Economic Indicators and Schedule
Key global economic indicators scheduled for September 2 include Australia's Q2 current account, Eurozone CPI, and major US manufacturing data releases.
NDF Rises to 1,374.30/1,374.70 Won, Up 4.20 Won
The dollar-won one-month NDF rose to 1,374.50 won in New York, up 4.20 won from Seoul’s spot close, as U.S. manufacturing data weighed on the dollar amid global trade tensions.
US May S&P Manufacturing PMI Preliminary Reading at 52.3, Above 50.1 Forecast
US manufacturing sector shows unexpected strength as May S&P Manufacturing PMI preliminary reading surpasses forecasts, signaling potential economic resilience
USD/KRW exchange rate closes lower at 1,471 won range following US manufacturing slowdown and weak job market data, reflecting concerns over potential stagflation in the US economy
#YonhapInfomax #USD/KRWExchangeRate
#USManufacturingPMI #JobOpenings #EconomicSlowdown #TariffConcerns #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=56660USD/KRW Closes Lower at 1,471 Won Range Amid US Manufacturing and Employment Slowdown
USD/KRW exchange rate closes lower at 1,471 won range following US manufacturing slowdown and weak job market data, reflecting concerns over potential stagflation in the US economy
US March S&P Global Manufacturing PMI Preliminary Reading at 49.8, Below Expected 51.8
US manufacturing sector contracts unexpectedly in March, S&P Global PMI falls to 49.8, missing forecasts and signaling potential economic slowdown
Dollar Index Falls to 106.5 Range on Lower-Than-Expected US Manufacturing PMI
Dollar weakens as US manufacturing data disappoints expectations, pushing Dollar Index lower in global currency markets
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