Business · Markets · 42 mins ago
South Korean Won Falls to 1,334.1 per US Dollar
South Korea’s won weakened against the US dollar on the morning of Nov.
13.
The exchange rate reached 1,334.1 won per dollar, up 3.4 won from the previous trading day’s close.
That was a 0.25% rise in the exchange rate, meaning it took more won to buy a dollar.
The dollar was strong as oil prices and US Treasury yields rose.
Brent crude futures, a key international oil benchmark, stood at $95.82 a barrel on Nov.
12.
The rate was expected to edge higher, according to the outlook cited.
The South Korean won traded at 1,334.1 per US dollar at 9 a.m. on November 13.
The rate was up 3.4 won, or 0.25%, from the previous trading day’s daytime close.
A slight further rise in the exchange rate was forecast.
The article said higher international oil prices and US Treasury yields, along with a stronger dollar, were contributing factors.
Brent crude futures stood at $95.82 per barrel on November 12, local time.
- Who
- The South Korean won and the US dollar.
- What
- The won-dollar exchange rate rose to 1,334.1 won per dollar, up 3.4 won from the previous trading day’s daytime close.
- When
- 9 a.m. on November 13.
- Where
- Not stated.
- Why
- The article cited rising international oil prices and US Treasury yields, as well as a stronger dollar.
This story does not have two clearly opposing sides.
Brent crude futures stood at $95.82 per barrel.
The won-dollar exchange rate was 1,334.1 won per dollar.
- Exchange rate
- 1,334.1 won per US dollar
- Change
- Up 3.4 won, or 0.25%, from the previous trading day’s daytime close
- Time
- 9 a.m. on November 13
- Brent crude futures
- $95.82 per barrel on November 12, local time