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Business

Won rises as Fed expected to pause rate hikes

The won slipped below the 1,300 mark on Wednesday for the first time since late March, thanks to a slowing trade deficit and expectations...
Korea

Dollar to won exchange rate is at 1220.3 won

On the 2nd (KST),exchange rate of American dollars and Korean won dropped more than 10 won. On the same day, the exchange rate closed at...
Korea

Yoon and Biden may discuss currency swap at UN next week

Piles of dollars Korea's foreign reserves fell in August as the strong dollar reduced the conversion value of euro and other currency-denominated...
Business

Won’s retreat continues after surprise U.S. inflation reading

The won fell to another decade-plus low on Wednesday following a report of higher-than-expected inflation in the United States.   Korea's currency was trading at...
Business

Bank of Korea’s Rhee nonplussed by Powell’s hawkishness

Bank of Korea Gov. Rhee Chang-yong said the central bank's monetary policy direction remains unchanged following hawkish remarks from the U.S. Fed chief in...
Korea

Won, dollar exchange rate falls to lowest point this year

The Korean won fell 0.61 percent against the dollar on Friday to its lowest point this year.The won reached 1,328.80 won per dollar Friday,...
Business

Won renews 13-year low against the dollar on Friday

The won renewed a 13-year low against the dollar on Friday, punching through the 1,320-won mark.   It reached as low as 1,326.10 won, down more...

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