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forexchief

USD/KRW Rebounded from the Lowest Level

Discussion in 'Diskusi Forex' started by ikonfx, Dec 29, 2010.

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  1. ikonfx

    ikonfx Banned

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    Previously the forex rate of US dollar against Korean Won went down to 1,1450.20 won, which was the lowest level after the middle of December.

    The forex trader said that US dollar increased today on the increasing demand for the USD by companies.The forex price of US dollar against Korean Won was 1,145.50 won today(Dec.29,2010)as South Korean stock market continued to increase by 0.4%.USD versus KRW traded at 1,148.00 won on Dec.28,2010.

    The trader predicted that USD versus Korean won would fluctuate in the range of 1,143.00-1,147.50, and the falling trend of USD/KRW would be lightly.it was predicted that USD/KRW would continue to decline as the exporters seld off USD. The trading was light in the forex market by the end of this year.
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