The won-dollar exchange rate rises as the dollar strengthens again… Closing KRW 1,215

The index is displayed on the electronic board of Hana Bank’s dealing room in Jung-gu, Seoul on the 1st. news

On the first trading day of April, the won/dollar exchange rate rose.

In the Seoul foreign exchange market, the exchange rate of the won against the dollar ended at 1,215.5 won, up 3.4 won from the previous day.

The exchange rate started at 1,215.2 won, up 3.1 won from the previous day, fluctuated in the mid-to-late 1,210 won range, and closed near the opening price.

As expectations for the 5th peace talks between Russia and Ukraine receded, risk-averse sentiment grew.

Russian President Vladimir Putin’s decision to force the payment of gas purchases to Western countries in rubles also increased economic uncertainty in major European countries and resulted in a strengthening of the dollar.

In terms of domestic factors, the trade balance turned to a deficit in March, which put upward pressure on the won/dollar exchange rate.

The Ministry of Trade, Industry and Energy announced that the trade balance recorded a deficit of $140 million in March due to the rise in energy prices.

The KOSPI fell 0.65% to close at 2,739.85. Foreigners net sold 71.6 billion won in the securities market, continuing their net selling trend for six consecutive days.

Market participants are keeping a close eye on the US employment data for March, released tonight (Korean time).

The market predicts that the US Federal Reserve’s austerity measures will be even more severe if the employment data continues to rise in March amid a continuing inflationary surge.

As of 3:30 pm, the won/yen fiscal exchange rate was 993.42 won per 100 yen, down 1.78 won from the base price (995.20 won) at 3:30 pm the day before.


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