The won-dollar exchange rate, which soared to 1,405 won after former President Donald Trump confirmed his election in the U.S. presidential election, is still trading around 1,400 won today.
On the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,401.1 won, up 4.9 won, and has been fluctuating from 1,400 won.It is the first time in seven months that the
won-dollar exchange rate has exceeded 1,400 won since April 16 when the war clouds rose between Israel and Iran and hit 1,400 won during the day.
In the market, the king dollar phenomenon continues beyond the strong dollar, and the won-dollar exchange rate is expected to rise to 1,420 won within this year.
If Trump's pledge to raise tariffs is implemented, it is expected that it will be difficult to cut interest rates due to rising inflation in the U.S.
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