The won/dollar exchange rate fell by 1.9 won to 1,338.5 won... Box range rises and falls

(Seoul = Yonhap News) Reporter Jiyeon Kim = The won/dollar exchange rate fluctuated sideways in the high 1,330 won range on the 8th.

On this day, the exchange rate of the Korean won against the U.S. dollar in the Seoul foreign exchange market was 1,338.5 won as of 3:30 p.m., down 1.9 won from the standard price at the same time the previous day.

The exchange rate has been falling for 5 trading days since the 2nd.

On this day, it reached a high of 1,340.9 won at 8:48 am and a low of 1,336.3 won at 9:21 am. It is the lowest level since the 10th of last month (1,336.2 won).

The dollar's strength appears unabated.

The dollar index, which represents the value of the dollar against the currencies of six major countries, rose 0.175 to 102.288.

The minutes of the US Federal Reserve's (Fed) September Federal Open Market Committee (FOMC) meeting released last night reaffirmed the possibility of further interest rate hikes within the year, but did not provide any specific signal regarding the timing.

According to the minutes, participants were coming to each meeting with an "open mind" and emphasized that decisions at future meetings would depend on new information coming in and its impact on the economic outlook and balance of risks.

U.S. long-term government bond interest rates reached their highest level in 24 years, but then fell partially due to strong government bond bidding.

Last night, the interest rates on 10-year and 30-year U.S. Treasury bonds rose to 5.36% and 5.73%, respectively, reaching their highest levels since 2002, before slightly reducing the rate of increase.

In the domestic stock market, foreigners net sold close to 2 trillion won on this day.

Despite the strong dollar and foreign stock selling, dollar sales by semiconductor-focused export companies appear to have supported the won's strength.

The rise in international oil prices is also calming down.

West Texas Intermediate (WTI) crude oil is trading around $90 per barrel, and Brent crude oil is trading around $100.

The yen/dollar exchange rate fell 0.2 yen to 158.13 yen.

The won/yen fiscal exchange rate fell by 0.3 won to 846.14 won per 100 yen.