Dollar-Won Trades in High 1,460s in New York Session

(Seoul=Yonhap Infomax) Won Jung – The dollar-won exchange rate traded in the high 1,460s during the New York session.

As of 21:11 KST on the 20th, the dollar-won rate stood at 1,469.60, up 4.00 won from the previous session.

Earlier, the dollar-won closed regular trading at 1,467.90, up 2.30 won from the previous day, driven by a weaker yen and a stronger dollar.

Expectations of fiscal expansion and continued monetary easing in Japan fueled yen weakness, while the dollar maintained an upward trend.

Following the close of the regular session, the dollar-won rate edged higher in the London and New York sessions, hovering just below the 1,470 mark.

Later tonight, the delayed September U.S. employment report and the November Philadelphia Fed Manufacturing Index—postponed due to the temporary U.S. government shutdown—are scheduled for release.

Additionally, speeches from Federal Reserve officials, including Cleveland Fed President Loretta Mester, Fed Governor Lisa Cook, and Chicago Fed President Austan Goolsbee, are expected tonight and into the early hours of the following day.

Meanwhile, the dollar index recorded 100.298.

At the same time, the dollar-yen rate rose 0.657 yen to 157.617 yen, while the euro-dollar rate slipped 0.00115 to 1.15143. Offshore dollar-yuan traded at 7.1183 yuan.

jwyoon2@yna.co.kr

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