Ahead of the US FOMC won / dollar exchange rate closed

[South Korea's Choice Financial newspaper reporter] 14 to 15 (local time) was the US Federal Open Market Committee (FOMC) is the won / dollar exchange rate fell imminent closing of the Federal Reserve (Fed).

Won / dollar exchange rate in the foreign exchange market closing price 15 days prior to the date of the transaction completed transactions fell 5.2 won compared to 1143.6 won. The won / dollar exchange rate was down 0.8 won to 1148.0 won the opening.

Based on the results FOMC rate decision meeting 16 (Korea time) Early in the morning which will be published chapter of the day won / dollar exchange rate did not have a lot of deungrakpok. For this afternoon, including foreign stock buying, negotiation of exporters (USD selling) volume is interpreted as being the exchange rate limiting factor.

The foreign exchange market is paying attention to interest rates and the economic prospects of future diagnostic Fed members already potent as a rate hike at the FOMC meeting this time.

According to the FOMC rate hike outlook inspection of the main IB 'Report of the International Finance Centre, 13 IB major changes are made in all three after six month old when the first rate hike this year May. Raise the number of 2 times the expected 11 → 2 companies, three were expected to reverse 2 → 11 companies.

International Financial Centre said it "will have to raise a number of significant changes in jeomdopyo with the possibility of a rate hike at the March FOMC meeting.

Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com