The one-month dollar-won NDF rose to 1,439.45 won in New York, up 2.00 won from Seoul's previous close, as the US dollar index edged lower and jobless claims fell below expectations.
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NDF Rises to 1,439.40/1,439.50 Won—Up 2.00 Won (Revised)
The one-month dollar-won NDF rose to 1,439.45 won in New York, up 2.00 won from Seoul's previous close, as the US dollar index edged lower and jobless claims fell below expectations.
The offshore dollar-yuan exchange rate fell below 6.98, marking a fourth consecutive quarterly decline and a 4.82% annual drop, as the yuan strengthened despite Chinese authorities' interventions and the US dollar index rebounded modestly in holiday trading.
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Offshore Dollar-Yuan Slides Below 6.98 as Downtrend Accelerates
The offshore dollar-yuan exchange rate fell below 6.98, marking a fourth consecutive quarterly decline and a 4.82% annual drop, as the yuan strengthened despite Chinese authorities' interventions and the US dollar index rebounded modestly in holiday trading.
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.
Offshore Dollar-Yuan Extends Losses to 7.019 Yuan
The People's Bank of China set the yuan at a 15-month high, driving the offshore dollar-yuan rate to 7.019 and signaling continued yuan strength amid global dollar weakness.
The offshore dollar-yuan exchange rate fell below 7.1 for the first time in nearly a year ahead of the FOMC, highlighting yuan strength and broad dollar weakness as markets price in US rate cut expectations.
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Offshore Dollar-Yuan Falls Below 7.1 Ahead of FOMC—Hits New Yearly Low
The offshore dollar-yuan exchange rate fell below 7.1 for the first time in nearly a year ahead of the FOMC, highlighting yuan strength and broad dollar weakness as markets price in US rate cut expectations.
The dollar-won exchange rate held above 1,350 won despite a stronger yuan and global dollar weakness, as South Korea’s KOSPI index fell 1.2% and foreign investors sold local shares, with market participants citing strong support at current levels amid global monetary policy uncertainty.
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[Seoul Foreign Exchange Market]Despite Yuan Strength, Dollar-Won Holds Above 1,350 Amid Stock Market Correction—Down 4.90 Won
The dollar-won exchange rate held above 1,350 won despite a stronger yuan and global dollar weakness, as South Korea’s KOSPI index fell 1.2% and foreign investors sold local shares, with market participants citing strong support at current levels amid global monetary policy uncertainty.
[China Stock Market Closing]Chinese Stock Market Rises Amid Increased Shipping Volume
Chinese stock markets rise as shipping volume to US increases post 'Geneva Agreement', with Morgan Stanley raising targets for Chinese indices amid positive trends in tariffs and earnings.
[US-China Tariff Agreement] Seoul FX Market - 'Better Than Expected... Strong Dollar for Now'
Seoul FX experts anticipate continued strong dollar trend following better-than-expected US-China tariff reduction agreement, while predicting potential won appreciation in the longer term.
[Today's Forex Dealer Expected Exchange Rate Range]Dollar-Won Exchange Rate Expected to Center Around 1,390 Won After US-China Trade Talks
Seoul forex dealers expect dollar-won rate to hover around 1,390 won following positive US-China trade talks, with potential downward pressure from export negotiations and yuan strength
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