wonOn Thursday (6th), the Asian session once depreciated to a low of more than 17 months. The Federal Reserve (Fed) may accelerate interest rate hikes and North Korea launches ballistic missiles in the direction of Japan’s waters, all dragging downwonPopularity.
wonThe intraday depreciation was 0.4% to 1201.10 wonTo 1 Dollar, The lowest since July 2020, but it became popular afterwards and recovered 1200 wonMark, report 1199.4 before deadline won, An increase of 0.09%.
The Federal Reserve Bank (Fed) released the minutes of its December meeting on Wednesday, revealing that the rate hike may be earlier and more urgent, and it has already begun discussions on reducing the balance sheet. Traders are currently waiting for the December non-agricultural employment report released this Friday to determine whether it will give the Fed more reasons to accelerate currency tightening.
In addition, North Korea’s official media “Korean Central News Agency” confirmed on Thursday that the flying object launched on Wednesday in the direction of Japanese waters was a supersonic missile. The missile flew over 500 kilometers and landed outside Japan’s economic waters. The successful test launch made North Korea the latest country to possess supersonic missiles after the United States, China, Russia and other countries.
won In 2021, a total depreciation of more than 8%, while 1,200 wonIt is an important psychological barrier. This is a key price that has been broken during the 2020 epidemic.
Kiwoom Securities Market Strategist Kim Yumi said,wonThe depreciation is limited, at this stage it will be roaming at 1150 wonTo 1200 wonIn the meantime, traders will wait for more Fed speeches and any disturbances by the South Korean authorities.
Min Gyeong-won, an economist at Woori Bank, predicted thatwonWeakness is coming to an end becausewonTrends have always followed China closelyRenminbi,andRenminbiWill get a long bet in the first season.He said that because the central banks of the United Kingdom, New Zealand and other countries start currency normalization faster than the Fed, it will instead allowDollarRelatively weak, whilewonIt may rise to 1150 wonTo 1 Dollar。