The South Korean won dropped against the US dollar today, demonstrating the biggest decline in two weeks, as positive housing data from the United States bolstered the greenback.
South Korea — News Archive
July 16th, 2014 at 13:59
The South Korean won declined today as comments of South Korea’s official made Forex market participants speculate that nation’s policy makers may perform an interest rate cut.
June 24th, 2014 at 9:56
The South Korean won ticked up today on signs that Korea’s exporters were converting their overseas earnings into the local currency before the end of the month, increasing demand for the won.
June 20th, 2014 at 11:13
The South Korean won dropped today on signs that overseas investors were pulling their money from the nation’s economy. The drop should be welcomed by South Korean policy makers, who were not particularly happy with the strength of the currency, though talks about a potential intervention still persist.
June 12th, 2014 at 11:13
The South Korea fell today as the nation’s central bank left interest rates unchanged and voiced concern about the strength of the currency that may hurt economic growth.
May 14th, 2014 at 12:29
The South Korean won dropped today, leading to speculations among Forex market participants that policy makers had intervened in the currency market to bring the exchange rate down to protect the economy from excessive appreciation of the currency.
May 12th, 2014 at 12:08
The South Korean won dropped today as the nation’s government warned against speculative bets on the currency. Officials were worried that the herd behavior of traders results in sharp moves and unwarranted volatility of the exchange rate.
April 29th, 2014 at 12:14
The won advanced today as South Korean current-account surplus widened last month, supporting the positive outlook for the nation’s economic growth. There are speculations that the rally was also caused by exporters who converted their earnings into the domestic currency.
February 24th, 2014 at 9:30
The South Korean won declined today on speculations that US policy makers will continue to reduce monetary stimulus despite the recent string of poor economic data.
February 03rd, 2014 at 10:02
The South Korean won dropped today as poor macroeconomic data from China and quantitative easing tapering from the Federal Reserve resulted in risk aversion that hurt currencies of emerging markets.