Thursday, February 16, 2017

'Foreign exchange effects authorities' won / yen exchange rate rose wondaero 1000



[South Korea's Choice Financial newspaper reporter] won / yen exchange rate is 100 endang 1000 wondaero reverted to remark the influence of yuilho Deputy Prime Minister cum Minister of Strategy and Finance.

16 In Seoul foreign exchange market, the won / yen exchange rate finance current was 15:30 100 1001.97 endang rose 2.89 won compared to the previous trading base price source.

The day before the won / yen exchange rate fall endang 100 900 wondaero recorded a record low. It emerged as a weaker yen also concerns that the company may be weakened export competitiveness of Korea.

But Wednesday morning yuilho Deputy Prime am Economic Relations Minister after a meeting in a meeting with reporters digit 'is (won / yen financing rates) look, "became known to one referred to as' any measures the situation to see whether" the situation is changing did.

The won / dollar exchange rate closed the chapter throughout the trading day closing price 1141.5 won, down 0.7 won slightly.

Ministry of Strategy and Finance and the Bank of Korea currency manipulator eve of Asia has also had sent a joint protest letter to the Financial Times (FT) reported that the Trump President mentioned China and Japan, not Korea, Taiwan and Singapore.

Yuilho Deputy Prime Minister retorted that "we wrote an article not so as to manipulate the exchange rate to pay the current account surplus, said" We are worried whether the country can reduce the US current account balance.

The US Treasury Department report in April through the exchange determines whether the designated currency manipulator.

Trump may be the administration 'American preference shares' inaugural keynote mitigation rather early, but it is difficult to predict.

International Finance Centre is aware of the possibility to continue with 16 days' Trump administration's policy goals checking the 'Reports' Trump administration policy even more lenient than the initial pledges global financial market is a period equivalent to the future with such uncertainty due to the negotiation strategy of the Trump President volatility jangse It should be "high analyzed.



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