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South Korean won, stocks edge up as dollar weakens after trump inauguration

SEOUL: The South Korean won and shares ended higher on Monday as the dollar weakened amid uncertainties about new US President Donald Trump’s economic policies. The won was quoted at 1,165.5 to the dollar at the conclusion of onshore trade, up 0.3 percent compared to Friday’s close of 1,169.2. The Korea Composite Stock Price Index (KOSPI) closed up fractionally at ... Read More »

South Korean won strengthens against US dollar

SEOUL: The South Korean won rose against the U.S. dollar Wednesday on the back of the country’s record-high trade surplus in March and the greenback’s weakness against its major peers. The local currency closed at 1,102.4 won per dollar, up 7.1 won from the previous session’s close, snapping a two-day loss. The won hit an intra-day high of 1,101.60 won ... Read More »

South Korean won posts biggest gain in 7 months

SEOUL: South Korea’s won headed for the biggest gain in seven months as foreigners bought local assets on signs the U.S. will raise interest rates at a gradual pace. Bond yields fell to record lows as global funds increased their holdings after the Federal Reserve signaled it’s in no hurry to tighten monetary policy, easing concerns about outflows from emerging ... Read More »

South Korean won slumps sharply against U.S. dollar

SEOUL: The South Korean won slumped sharply against the U.S. dollar Thursday, ending its three-day winning streak as its recent rally was excessive and durable goods orders in the U.S. dropped unexpectedly last month, raising concerns over manufacturers amid a strong dollar, dealers said. The local currency closed at 1,108.00 per dollar, down 7.2 won from the previous session’s close. ... Read More »

South Korean won hits new 20 month low against US dollar

SEOUL: The South Korean won hit a fresh 20-month low against the U.S. dollar and state bonds continued to build up gains Friday after the country’s central bank unexpectedly slashed its policy rate to an all-time low. The local currency finished at 1,128.50 per dollar, down 2.1 won from the previous session’s end and the lowest since July 10, 2013, ... Read More »

South Korean won touches new 20 month low

SEOUL: The South Korean won touched a fresh 20-month intra-day low, while lead bond futures rose on Thursday after the central bank unexpectedly cut its base rate by 25 basis points to revive growth. The won was down 0.6 per cent at 1,133.6 against the dollar as of 0225 GMT, on track for its fourth consecutive session of declines. It ... Read More »

South Korean won trade 20 month low against US dollar

SEOUL: The South Korean won traded at a 20-month low against the U.S. dollar Wednesday afternoon, falling for a third consecutive day, dealers said. The local currency was quoted at 1,128.70 per dollar as of 1:30 p.m., down 6.10 won from the previous session’s end. The Japanese currency continued to fall against the dollar as traders bet that the U.S. ... Read More »

South Korean won sinks 19mth low against US dollar

SEOUL:  South Korea’s won fell to its weakest in almost 19 months against the dollar on Tuesday while stock prices edged down, both hit by the US currency’s rally on strengthening views for a US interest rate increase. The won fell as much as 1 per cent to 1,123.3 per dollar, its weakest since Aug 22, 2013, before finishing local ... Read More »

South Korean won sinks 19mth low against US dollar

SEOUL:  South Korea’s won fell to its weakest in almost 19 months against the dollar on Tuesday while stock prices edged down, both hit by the US currency’s rally on strengthening views for a US interest rate increase. The won fell as much as 1 per cent to 1,123.3 per dollar, its weakest since Aug 22, 2013, before finishing local ... Read More »

South Korean won slumps 1,112.6 against US dollar

SEOUL: South Korea’s won and shares slumped on Monday, tracking their Asian peers after a strong US jobs report on Friday heightened expectations of the Federal Reserve raising interest rates sooner than thought. The South Korean won ended onshore trade at 1,112.1, down 1.2 per cent from Friday’s close at 1,098.7 and capped the worst daily percentage fall since late ... Read More »

South Korean won slumps 1,112.6 against US dollar

SEOUL: South Korea’s won and shares slumped on Monday, tracking their Asian peers after a strong US jobs report on Friday heightened expectations of the Federal Reserve raising interest rates sooner than thought. The South Korean won ended onshore trade at 1,112.1, down 1.2 per cent from Friday’s close at 1,098.7 and capped the worst daily percentage fall since late ... Read More »

South Korean won firms against US dollar

SEOUL: The South Korean won firmed against the dollar on Tuesday, reversing losses after the Reserve Bank of Australia (RBA) surprised markets by keeping its policy rate steady, with exporters’ demand for settlements providing further support. The won was quoted at 1,096.4 to the dollar at the end of onshore trade, compared with 1,100.8 at Monday’s close. South Korean shares ... Read More »

South Korean won firms against US dollar

SEOUL: The South Korean won firmed against the dollar on Tuesday, reversing losses after the Reserve Bank of Australia (RBA) surprised markets by keeping its policy rate steady, with exporters’ demand for settlements providing further support. The won was quoted at 1,096.4 to the dollar at the end of onshore trade, compared with 1,100.8 at Monday’s close. South Korean shares ... Read More »

South Korean won firmer against dollar after Yellen

SEOUL: The South Korean won firmed against the dollar on Wednesday, tracking broad weakness in the greenback after Yellen held back from giving a clear view on the timing of the next US rate hike. The local currency was quoted at 1,103.8 to the dollar as of 0200 GMT, compared with 1,109.9 seen at the end of Tuesday’s session. March ... Read More »

South Korean won drifts lower against US dollar

SEOUL: The South Korean won drifted lower against the dollar after a choppy trading session, with investors awaiting further clues from Federal Reserve Chair Janet Yellen’s testimony in front of Congress. The local currency was quoted at 1,109.9 to the dollar at the conclusion of onshore trade, compared to 1,108.7 seen at the end of Monday’s session. South Korean shares ... Read More »

South Korean won declines against US dollar

South Korean won declines against US dollar SEOUL: The South Korean won stumble against the dollar on Monday, as investors played catch-up to falls in the local currency’s offshore rate during an extended holiday break for domestic markets. The won was quoted at 1,108.7 to the dollar at the conclusion of onshore trade, compared to the previous session close of ... Read More »

South Korean won climbs against US dollar

SEOUL: The South Korean won edged up against the dollar on Tuesday in a session characterized by cautious trade as investors curbed bets ahead of a long holiday break. The won was quoted at 1,101.8 to the dollar at the conclusion of onshore trade, compared to 1,102.4 at Monday’s close. South Korean shares edged higher, led by hefty gains in ... Read More »

South Korean won climbs against US dollar

SEOUL: The South Korean won edged up against the dollar on Tuesday in a session characterized by cautious trade as investors curbed bets ahead of a long holiday break. The won was quoted at 1,101.8 to the dollar at the conclusion of onshore trade, compared to 1,102.4 at Monday’s close. South Korean shares edged higher, led by hefty gains in ... Read More »

South Korean won rebounds from 5 week low against US dollar

SEOUL: The South Korean won rebounded from a five-week low against the dollar on Friday, garnering support from a stronger yen and reflecting broad dollar weakness after a set of lacklustre US economic data. The local currency was quoted at 1,099.7 to the dollar as of 0200 GMT, compared to 1,110.7 seen at the end of Thursday’s session. The dollar ... Read More »

South Korean won rebounds from 5 week low against US dollar

SEOUL: The South Korean won rebounded from a five-week low against the dollar on Friday, garnering support from a stronger yen and reflecting broad dollar weakness after a set of lacklustre US economic data. The local currency was quoted at 1,099.7 to the dollar as of 0200 GMT, compared to 1,110.7 seen at the end of Thursday’s session. The dollar ... Read More »