South Korea's currency forecast to fall further on Fed's rate hikes, trade deficit
SEOUL (XINHUA) – South Korea’s currency was forecast to fall further versus the US dollar on expectations for the United States (US) Federal Reserve’s interest rate hikes and South Korea’s continued trade deficit, market watchers said. The won/dollar exchange rate finished at KRW1,438.9 per dollar yesterday, down KRW1.0 from the previous day. The rate topped […]
Soult Ukpyolsi South Korea United States South Korean Shinhan Investment Corp Ahn Jae Kyun Korea Economic Research Institute
Source: borneobulletin.com.bn