08/08/21 06:32:37 JBferOS9
「It seems that the upward trend will halt around W1,050,
as that is the weakest point Korean won hit this year. 」
さてどうだか・・・。
(englishnews@chosun.com ) Updated Aug.20,2008 09:33 KST
Won Continues Freefall Against Greenback
URLﾘﾝｸ(english.chosun.com)
The Korean won has been falling against the U.S. dollar for eight consecutive days,
to the point where US$1 now nearly equals W1,050. Financial authorities are keenly
observing the situation, mindful of the fact that the situation could reach a psychological tipping point.
The greenback continued strong against the won, closing Tuesday at W1,049.40, up W2.50
from the day before and close to this year’s record of July 4, when one dollar bought
W1,050.40. Tuesday’s exchange market was heavily influenced by large net selling of stocks
by foreign investors, who sold W370 billion worth of stocks after buying till Monday.
When the dollar reached W1,050.40 on July 4, the government freed up $10 billion
in foreign reserves to maintain the exchange rate, and just four days later the
rate fell to W1,002. However, analysts say it is now more likely that the W1,050
mark will be broken soon.
Jeon Seung-ji, a currency analyst at Samsung Futures, said, “It seems that the
upward trend will halt around W1,050, as that is the weakest point Korean won
hit this year. But it is uncertain how long the halt will last.”