Korean won rises against US dollar
The Korean won rose against the U.S. dollar Thursday, extending its gains for the fifth consecutive session. The won was quoted at 1,338.5 won per dollar at 3:30 p.m., up 1.9 won from the close of the previous stock trading session. At one point in morning trading, the won advanced to a high of 1,336.3 per dollar, marking the strongest level since Sept. 10. The won's gain came amid the broad…
The Korean won experienced a rise against the US dollar on Thursday, continuing its upward trend for the fifth consecutive day. By 3:30 p.m., the exchange rate was recorded at 1,338.5 won per dollar, an increase of 1.9 won from the previous session's close. At one point during the morning, the won reached a high of 1,336.3 per dollar, marking its strongest level since September 10.
This gain was observed amid the overall strength of the US dollar, with the Federal Reserve's minutes released overnight indicating concerns over inflation risks. Additionally, foreigners sold approximately 2 trillion won ($1.5 billion) worth of local shares in the latest regular trading session, causing the Korea Composite Stock Price Index to decline by 2.62 percent, closing at 6,625.93.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Korean won rises against US dollar koreatimes.co.kr
- S. Korean won rises against U.S. dollar en.yna.co.kr
