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.
South Korea — News Archive
February 24th, 2014 at 9:30
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.
January 24th, 2014 at 16:19
Asian currencies fell today and the South Korean won was the biggest loser among them. Wide-spread risk aversion on the Forex market made investors flee riskier assets and stick to safer ones.
December 27th, 2013 at 10:35
The South Korean won advanced today, unharmed by the risk aversion sentiment on the Forex market, as Korea’s exporters were converting their earning into the local currency ahead of the year-end.
November 13th, 2013 at 12:13
The South Korean won was flat, paring decline, as domestic fundamentals helped the currency to overcome the general risk-negative market sentiment.
October 30th, 2013 at 17:32
The South Korean won was among currencies of emerging markets that were supported by expectations of prolonged quantitative easing from the US Federal Reserve, rising against the dollar today.
October 22nd, 2013 at 12:46
The South Korean won rose today, paring its previous decline, as investors continue to buy the nation’s assets, pumping capital into the South Korean economy.
October 18th, 2013 at 11:41
Investors were buying South Korean stocks more than they were selling, resulting in improving prospects for the nation’s economy and a rally of the won due to the inflow of capital.
October 15th, 2013 at 15:37
The South Korean won advanced today as investors were buying nation’s assets on hopes that US politicians will be able to avoid default by raising the debt liming before the deadline on October 17.
September 25th, 2013 at 14:22
The South Korean won weakened today on concerns that the nation’s central bank will intervene to rein the currency’s rally that may hurt the South Korean economy.