The won-dollar exchange rate of 1090 won was also broken … Entered the KRW 1080 range

Input 2020.12.04 10:16

The won-dollar exchange rate is less than 1090 won on the 4th. After the US stimulus and vaccination expectations increased, the dollar exchange rate also fell rapidly due to the weakening dollar.

On this day, the won-dollar exchange rate in the Seoul foreign exchange market is trading at 1089.6 won, down 7.4 won from the previous trading day at 10:06. The exchange rate, which opened at 1092.5 won, down 4.5 won that day, started dropping below 1090 won at the start of the market.

The US dollar is weakening day by day amid continued expectations of massive additional stimuli and vaccinations in the US. Last night, the dollar index against the currencies of the six major countries was 90.69, down 0.47% from the previous day. With most currencies showing appreciation against the dollar, the dollar’s exchange rate continued to decline for the fourth day.

The expectation that the US Federal Reserve (Fed) will continue its monetary easing policy also fuels risk appetite. With the Federal Open Markets Committee (FOMC) scheduled for December 15-16, President Powell attended the United States House Financial Services Committee the previous day and said, “There is no plan to rush to reduce the asset purchase program. ” “We will focus on supporting the economy.”

Baek Seok-hyun, a researcher at Shinhan Bank, said: “The current dollar-euro exchange rate is also showing a strong weakening of the dollar, with the lowest in 2 years and 6 months.” “I said.