Wednesday, March 29, 2017

"Dollar demand 'won / dollar exchange rate rose deadline



[Korea Selected financial newspaper reporters] it had showed a narrow range this aspect won / dollar exchange rate closed the second day rise.

29 days the won / dollar rate in the foreign exchange market in Seoul ended a deal 1114.2 won, up 1.2 won from the previous trading day. The won / dollar exchange rate closed the chapter with a slight rise while repeatedly opening, fluctuations in the 3.5 won from the previous trading day rose 1116.5 won.

The won / dollar exchange rate is the number of exporters and importers payment orders negotiated volume forms a narrow range and dollar selling demand is interpreted to be mostly affected.

According to the Korea Center for International Finance announced on the 29th, after the US interest rate hikes in emerging currency appreciation background and outlook 'report, the recent "Trump nomikseu" weaken the dollar appreciation expectations are modified to do things away from deflation to severe inflationary momentum so-called "reflation" a description that is focused on the emerging deal.

International financial center "in the US interest rate hike paths represent a modest appearance as expected, we expect the emerging currency appreciation trend lead to a more 'saying' the past 1994 and 2004 two times emerging currency effect of US rate hike timing is each different predicts that it is difficult to generalize about the American interest rate hikes in emerging currency depreciation = ''

Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com