South Korea — News Archive

Won Gains Even as Bank of Korea Cuts Base Rate

The South Korean won rallied today even though the nation’s central bank cut its Base Rate unexpectedly. The most likely reason for the rally was the weakness of the US dollar, though the won gained versus the euro as well.

Won Drops vs. Dollar, Domestic Fundamentals Remain Supportive

The South Korean won dipped today against the dollar as the US currency was propelled higher by positive economic data from the United States. Reports from South Korea itself were not bad either and may yet provide support for the won.

South Korean Won Retreats from Two-Week High

The South Korean won fell against the US dollar, following the rally to the two-week high, as the market sentiment was risk-negative and data from the United States boosted the greenback.

South Korean Won Joins Rally After China’s Data

Today’s trade data from China helped many currencies of emerging markets, especially Asian ones. The South Korean won was among winners, rising against the US dollar, which continues to struggle after it has halted its rally.

South Korean Won Advances with Help from Chinese Data

The South Korean won rose together with other Asian currencies today with help of positive macroeconomic data from China, which made investors look more favorably on the currencies of emerging markets that are often associated with risk.

US Housing Market Leads to Gain of USD/KRW

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 Korean Won Drops on Interest Rate Cut Speculations

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.

Won Edges Higher as Exporters Convert Earnings

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.

Investors Flee South Korean Stocks, Won Drops

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.

Won Drops on Concern About Korea’s Recovery

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.



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