The dollar-won exchange rate surged to 1,448.00 during London trading hours on the final trading day of the year, driven by unwinding of year-end price controls and persistent buying, with the market set to reopen on January 2.
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Dollar-Won Surges to 1,448.00 in London Session
The dollar-won exchange rate surged to 1,448.00 during London trading hours on the final trading day of the year, driven by unwinding of year-end price controls and persistent buying, with the market set to reopen on January 2.
The dollar-yen exchange rate traded flat in subdued year-end Tokyo trading, as limited activity and continued fiscal concerns weighed on the yen, with the rate closing at 156.065 yen after earlier gains were erased; euro-yen and euro-dollar also saw slight upticks.
#YonhapInfomax #DollarYen #ExchangeRate #FiscalConcerns #JapaneseImporters #YearEndTrading #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97734Japanese stocks ended lower, breaking a three-day rally, as thin trading ahead of Christmas and year-end holidays saw the Nikkei 225 hold above 50,000 despite subdued investor sentiment and rising bond yields.
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FX Swap Points Firm in Ultra-Short Tenors as Year-End Trading Slows
FX swap points in South Korea firmed in ultra-short tenors amid subdued year-end trading, with dealers citing stable foreign currency liquidity and limited market activity.
The dollar-won exchange rate closed above 1,481.00 for the first time in overnight trading since July, as thin year-end liquidity and continued dollar buying pushed the won to its weakest level since April, with spot FX volume remaining elevated amid cautious sentiment.
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Dollar-Won Closes Above 1,481.00 in Thin Year-End Trading as Gains Widen
The dollar-won exchange rate closed above 1,481.00 for the first time in overnight trading since July, as thin year-end liquidity and continued dollar buying pushed the won to its weakest level since April, with spot FX volume remaining elevated amid cautious sentiment.
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