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Bank of Korea governor says won unlikely to return to past levels, Yonhap reports

INVESTING
December 10, 2024
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SEOUL (Reuters) – South Korea’s central bank governor said it was difficult for the dollar-won exchange rate to return to levels seen in the past, the Yonhap news agency reported on Tuesday.

It is difficult to say the dollar-won rate has stabilised and the market is in a wait-and-see mood, Bank of Korea Governor Rhee Chang-yong said in a meeting with lawmakers, according to the report.

The won was quoted at 1,427.8 per dollar as of 0520 GMT, compared with its previous close at 1,435.0 and a two-year low of 1,442.0 hit last week amid political turmoil.

This post is originally published on INVESTING.

INVESTING
January 27, 2025
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Oil falls after Trump reverses Colombia sanctions threat

By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

INVESTING
January 27, 2025
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Dollar gains on tariffs fears; euro looks to ECB meeting

Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…