EUR/KRW — News Archive

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USD/KRW Declines As South Korea Exits Recession in Q3

The South Korean won is recording modest gains against multiple currency rivals on Tuesday as the nation’s economy returned to growth in the third quarter. After enduring the sharpest economic downturn in more than a decade, Seoul was able to resuscitate the economy through a series of COVID-19 stimulus measures and surging exports.

USD/KRW Unchanged As Data Disappoints Struggling South Korean Economy

The South Korean won is trading sideways against the US dollar on Tuesday as the national economy failed to improve in August as the effects of COVID-19 continue to linger in one of Asia’s biggest economies. With the coronavirus pandemic diminishing in Seoul, could one of Asia’s worst-performing currencies turn things around in the final quarter of 2020?

South Korean Won Mixed As Inflation, Manufacturing PMI Drive Currency

The South Korean won is mixed in the middle of the trading week as inflation and manufacturing data drive one of the worst-performing Asian currencies this year. Although the won has recovered against the greenback since June, the currency has come under a lot of pressure based on the recession and a coronavirus resurgence. Could the won retest 1,200 by the year’s end?

South Korean Won Choppy As Investors Fear Potential COVID-19 Lockdown

The South Korean won is trading choppy in the middle of the trading week as investors begin to weigh the possibility of another lockdown related to the coronavirus pandemic. Despite South Korea flattening the curve in March, the nation has been experiencing an uptick in infections for most of August. The country is already in a recession, so another wave of restrictions could exacerbate the downturn.

South Korean Won Weakens on Exports, Manufacturing Data

The South Korean won is weakening against some of its major currency competitors on Tuesday as macroeconomic data came into focus. The won has had a disappointing year so far, slumping in the aftermath of the coronavirus pandemic and disappointing economic figures. Is a rebound in sight amid its first recession in nearly 20 years?

South Korean Won Flat As Central Bank Cuts Interest Rates to Record Low

The South Korean won is trading flat against its currency rivals on Thursday as investors weigh the central bank’s decision to cut interest rates to an all-time low. Policymakers warned that the economic fallout from the coronavirus pandemic would be worse for South Korea than the global financial crisis a decade ago. But while it looks like Seoul has the public health crisis under control, officials have been […]

South Korean Won Struggles for Direction as Output, Retail Sales Beat Forecasts

The South Korean won is looking to extend its gains on Thursday as economic data keeps beating market forecasts. The won, which had weakened due to reports of North Korean leader Kim Jong-un’s deteriorating health, is set for a considerable gain in April – and analysts say its best days are ahead as Seoul weathers the storm.

South Korean Won Weakens on Kim Jong-un ‘Grave Danger’ Reports

The South Korean won has been weakening against multiple currency rivals since it was first reported that North Korean Supreme Leader Kim Jong-un’s health is in “grave danger.” The won has slightly recovered, but investors appear to be waiting for confirmation that the dictator is in good shape. Since rising to power, Kim has been engaging with South Korea, and analysts fear that relations […]

South Korean Won Gains on Dollar & Euro

The South Korean won gained against the US dollar and the euro during the current trading session with the help of domestic fundamentals that were relatively supportive to the currency.

Won Gains Even as Bank of Korea Cuts Base Rate

The South Korean won rallied today even though the nation’s central bank cut its Base Rate unexpectedly. The most likely reason for the rally was the weakness of the US dollar, though the won gained versus the euro as well.

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