Dollar-Won Holds in High 1,460s in London Session—Up 3.80 Won

(Seoul=Yonhap Infomax) Yoon Woo Shin — The dollar-won exchange rate remained in the high 1,460-won range during the London session.

As of 17:15 KST on the 20th, the dollar-won was trading at 1,469.40 won, up 3.80 won from the previous session.

The pair closed the regular session at 1,467.90 won, up 2.30 won from the previous day.

The move was driven by a weaker yen and a stronger dollar globally.

Despite a rebound in South Korea's benchmark KOSPI index, supported by robust earnings from Nvidia Corp., and a return to net buying by foreign investors in the main board after three sessions, the upward momentum in the dollar-won exchange rate persisted.

After the regular session, the dollar-won extended gains slightly, hovering just below the 1,470-won level.

Market participants are closely watching whether the trend of yen weakness and dollar strength will continue.

Later tonight, the delayed September U.S. employment report—postponed due to the federal government shutdown—will be released.

Remarks from senior officials of the U.S. Federal Reserve (Fed) are also scheduled, including speeches by Governor Lisa Cook, Cleveland Fed President Beth Hammack, and Chicago Fed President Austan Goolsbee.

At the same time, the dollar index stood at 100.277.

The dollar-yen exchange rate rose 0.351 yen to 157.311 yen, while the euro-dollar rate fell 0.00134 dollars to 1.15124 dollars.

The offshore dollar-yuan (CNH) rate climbed to 7.1189 yuan.

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ywshin@yna.co.kr

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