South Korean Won Declines Against US Dollar And Yen
2009年10月27日 - 1:55PM
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Tuesday in Asia, the South Korean won fell to a 4-day low
against the US dollar and showed weakness against the yen as a
slump in local stocks decreased demand for the South Korean
currency.
On the equity front, the South Korean stock market is trading in
the red, with investors tracking Wall Street's negative close
overnight and pressing sales in technology, energy, banking and
shipbuilding stocks.
The benchmark KOSPI index, which opened more than 10 points down
at 1,646.8 and dropped down to 1,638.4, is currently trading at
1,641 with a loss of 16.1 points, or 0.98%.
During early Asian deals on Tuesday, the South Korean won
slipped to a 4-day low of 1190.05 against the US dollar. This may
be compared to Monday's closing value of 1180.50. On the downside,
1193.4 is seen as the next target level for the Korean
currency.
From U.S., the S&P/Case-Shiller home price index, is
scheduled to be released at 9 am. Economists expect an 11.90%
year-over-year decline in the 20-city composite house price index
for August.
At 10:00 am ET, the Conference Board is scheduled to release its
consumer confidence report for October. The report is expected to
show that the consumer confidence index rose to 53.5 in
October.
Tuesday during early Asian deals, the South Korean won declined
against its Japanese counterpart. The won touched 12.92 against the
Japanese unit, compared to 12.8060 hit late Monday in New York. On
the downside, the next likely target is seen around the 13.03
level.
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