Arab Today, arab today korean won dips to over 5month low vs us dollar
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Korean won dips to over 5-month low vs US dollar

Arab Today, arab today

Arab Today, arab today Korean won dips to over 5-month low vs US dollar

South Korean port
Seoul - QNA

The South Korean won slumped to its lowest level in over five months as the US economy expanded at the fastest clip in more than two years in the second quarter, lending further support to the stronger dollar.
The local currency was quoted at 1,049.70 won against the greenback, down 5.3 won from the previous session's close, according to South Korea's (Yonhap) News Agency.
The figure marks the lowest since the closing price of 1,052.20 won on April 8.
South Korea's Finance Minister Choi Kyung-hwan said during a meeting with his staff on Monday that the government needs to "closely monitor" external risks, including the yen's recent depreciation against the local currency, that could hurt the competitiveness of South Korean exporters.
The local currency has been losing ground against the dollar on expectations that the US Federal Reserve will accelerate its rate hike.
The US economy, the world's largest, grew at an annual rate of 4.6% in the second quarter, the fastest pace since 2011, further raising hopes that its currency would strengthen against its peers.
A further rise in the won-dollar rate was capped as exporters offloaded dollar holdings for end-month settlement and South Korea extended its current account surplus to 30 months in a row in August.
The current account surplus reached US$7.27 billion last month, compared with a revised $7.84 billion in July, according to the preliminary data by the Bank of Korea.
The local currency also fell to the Japanese yen, trading at 959.00 won per 100 yen, down 3.47 won.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today korean won dips to over 5month low vs us dollar Arab Today, arab today korean won dips to over 5month low vs us dollar

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today korean won dips to over 5month low vs us dollar Arab Today, arab today korean won dips to over 5month low vs us dollar

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday