Won-Dollar Exchange Rate Tops 1,500 Intraday After About a Month

The won-dollar exchange rate rose above 1,500 won intraday in the foreign exchange market for the first time in about a month. According to a report by Hankyung, the move marks another intraday break above the 1,500 won level. The original report did not provide additional figures such as the exact trading time, size of the move, background factors, or whether the rate closed above that level. Still, an intraday move past 1,500 won can be viewed as an important exchange-rate signal for investors watching both the Korean won and the dollar. Markets are expected to focus on whether the rate stays in the 1,500 won range or proves to be a temporary intraday move. Source: hankyung.com