Summary
- It was reported that the won-dollar exchange rate has surpassed the 1460 won mark.
- It was explained that this reflects the Federal Reserve's moderation in the pace of rate easing and political factors.
- It was reported that Tether rose to 1497 won on the domestic virtual asset exchange.
On the 26th, the won-dollar exchange rate entered the 1460 won range.
According to the Seoul foreign exchange market, as of 10:38 a.m., the won-dollar exchange rate is trading at 1463.70 won, up 4.50 won from the previous trading day. This is the first time since March 2009 that the won-dollar exchange rate has exceeded 1460 won.
The won-dollar exchange rate opened at 1455.2 won, down 1.2 won, and then turned upward.
The weakness of the won and the strength of the dollar are attributed to the recent indication by the Federal Reserve (Fed) of a moderation in the pace of rate easing next year and the economic policies of Donald Trump, the Republican candidate scheduled to take office next year.
The dollar index, which represents the value of the dollar against six major currencies, has remained at a similar level since rising to the 108 range last week. It is currently at 108.136.
Meanwhile, the stablecoin Tether (USDT), which is linked to the value of the dollar, is trading at 1497 won, up 0.34%, on the domestic virtual asset (cryptocurrency) exchange Upbit at the same time.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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