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Forex Market Korean Won Steadily Appreciating against Dollar


Forex Market Korean Won Steadily Appreciating against Dollar


For other uses, see Forex (disambiguation). This includes all aspects of buying, selling and exchanging currencies at current oThe Bank of Korea cut its benchmark rate several times over the last year to fend against disinflation.Meanwhile, economic growth and labor market measures are steadily improving.With a strong underlying economy, the won could appreciate against the U.S. Forex Market Korean Won Steadily Appreciating against Dollar when disinflation ceases.

The South Korean won declined against the U.S. dollar the last few months as its central bank cut interest rates to accommodate falling inflation measures, while its economic growth and labor market measures remained steady. Since September, the U.S. dollar has appreciated against the won by nearly 9%, Appreciatijg below.Data provided by Trading ViewIn October, the Bank of Korea cut its benchmark lending rate to a record low 2%, to battle disinflation and keep its currency competitive.

After cutting its rate to 2%, the policy committee has held its benchmark rate unchanged. At pm on the same day, Makret won-yen arbitrage rate was recorded at 975.84 won, a 1.99 won drop from the previous day.Mario Draghi, president of ECB, spoke at the Jackson Hole Economic Policy Symposium held in the U.S. last week, hinting that additional economic stimulation could be possible.

The Philippine peso has been steadily appreciating against the US dollar this year as the greenback Apprecaiting all-time lows against the Chinese yuan, the Aussie dollar, Singapore dollar and gold. The peso has risen 1.5 percent year-to-date against the US dollar to close at 43.14 last week. Without doubt, it has bought US dollar every time the peso-dollar rate would move sharply higher.

By the end of the 1st quarter 2011, GIR stood at a rEast AsiaChinaJapanSouth KoreaTaiwanHong Kong, MacauNorth KoreaSoutheast AsiaIndonesiaThailandPhilippinesMalaysiaSingaporeVietnamMyanmar, Cambodia, LaosSouth AsiaIndiaPakistan, Bangladesh,Sri Lanka, Nepal, BhutanOceaniaAustralia, New Zealand, Pacific IslandsOthersMongolia, Central Asia,AfghanistanRussia, CaucasusNorth AmericaLatin AmericaEurope.

However, analysts are scratching their heads as to why the latest round of interventions is not stopping further appreciation.




Against Korean Won Steadily Forex Market Appreciating Dollar

Forex Market Korean Won Steadily Appreciating against Dollar

Against Korean Won Steadily Forex Market Appreciating Dollar



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