The won/dollar exchange rate fell slightly due to the freeze on U.S. interest rates.

1,336.8 won, down 0.9 won

(Seoul = Yonhap News) Reporter Jiyeon Kim = The won/dollar exchange rate fell slightly after the U.S. Federal Reserve (Fed) froze interest rates on the 29th.

On this day, the standard price of the Korean won to U.S. dollar exchange rate in the Seoul foreign exchange market at 3:30 p.m. was 1,336.8 won, down 0.9 won from the same time the previous trading day.

The exchange rate started at 1,342 won and fell to 1,331.3 won at 10:54 a.m., but then moved sideways in the mid-1,330 won range.

At the regular meeting of the Federal Open Market Committee (FOMC) held on the 27th to 28th (local time), the Federal Reserve maintained the base interest rate target range at 3.75 to 4.00% per year, as expected by the market.

At a press conference, Federal Reserve Chairman Kevin Worth said, “It is true that overall financial conditions are tighter (than before), but it is difficult to call them tight.”

As Chairman Wash showed no haste in austerity measures, the market interpreted this as a dovish message (preferring monetary easing).

The dollar index, which represents the value of the dollar against the currencies of six major countries, fell by 0.177 to 102.254.

The steady volume of dollar sales (negotiations) by semiconductor exporting companies at the end of the month is also a factor that adds downward pressure on the exchange rate.

The won/yen fiscal exchange rate fell by 0.3 won to 846.74 won per 100 yen.

The yen/dollar exchange rate fell 0.13 yen to 157.84 yen.

On this day, foreign investors made net purchases worth 72.1 billion won in the stock market. KOSPI fell 1.24% on this day and closed at 5,937.66, returning the 6,000 mark in one day.