arirang news

The World On arirang

WED, 2015-12-02 KST

arirang Head Menu

Korean won rises to highest level against greenback in 5 years Updated: 2014-05-08 03:40:37 KST

Fresh off of a four-day holiday weekend, the Korean won soared to its highest level against the U.S. dollar in nearly six years Wednesday on strong exports and the weakening greenback.
Finishing the trading day at more than 1,22 won, which is up nearly 8 won from last Friday the won's gain comes as the U.S. dollar depreciated against major currencies on weaker-than-expected economic growth in the first quarter.
Analysts also attribute the won's recent appreciation to Korea's prolonged current account surplus.
Global investment banks expect the won to remain strong against the dollar for now as Seoul currently allows for the won's appreciation.
There is speculation, however, that authorities may intervene to prevent the won from breaching the 1,20 level.


fatboyme (USA) 2014-05-08 07:21:20 KST    


KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.
단, 영상 자료는 저작권 문제로 자유이용이 제한되니, 담당자에게 확인하여 주시기 바랍니다.
(국제방송교류재단 김형선 : ☎02-3475-5263)