empty
 
 

17.11.202507:17:27UTC+00South Korean Won Slides Amid Persistent Capital Outflows

The South Korean won weakened to approximately 1,460 against the dollar on Monday, reversing notable gains from the previous session due to ongoing capital outflows. Both corporate and institutional investors continue to redirect funds internationally, influenced partially by South Korea’s obligations under its trade agreement with the United States. This agreement mandates major conglomerates such as Samsung, SK, and Hyundai to channel USD 350 billion into US industries. The substantial commitments to domestic investments underscore the demand for foreign funding, which, in turn, applies consistent downward pressure on the won. Investor caution prevailed following comments by Bank of Korea Governor Rhee Chang-yong, indicating that policy changes would be contingent on future data, a statement perceived by markets to reduce the probability of further rate cuts. Simultaneously, the won faced additional pressure as the dollar remained generally fortified in anticipation of pending US economic data.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback