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Stock traders in Seoul monitor the weakening Korean won against the US dollar on screens showing 1,508.6 rate, with overlaid imagery of the blocked Strait of Hormuz amid Iran conflict.
Image générée par IA

Korean won weakens further against US dollar as Iran conflict persists

Rapporté par l'IA Image générée par IA

The South Korean won weakened further against the US dollar on Friday as talks between the United States and Iran to end their month-long conflict showed no immediate progress. It opened at 1,508.6 won per dollar, down 1.6 won from the previous session. The escalating Middle East crisis has driven up global oil prices with the Strait of Hormuz effectively closed, hitting import-dependent South Korea.

South Korean stocks opened sharply lower on Friday amid heightened risk-off sentiment from renewed Middle East tensions. The KOSPI benchmark fell 3.74% to 5,256.46 in the first 20 minutes of trading. Uncertainty in U.S.-Iran negotiations fueled the decline.

Rapporté par l'IA

South Korean stocks opened sharply higher on March 24 amid hopes of easing Middle East tensions, following U.S. President Donald Trump's announcement of talks with Iran and a five-day postponement of strikes. The KOSPI index rose 4.25% at open, reaching 5,602.08, up 3.63%, after 15 minutes of trading.

South Korean stocks tumbled nearly 6% on March 9 amid U.S.-Israeli strikes on Iran driving oil past $100 per barrel. The won hit a 17-year low of 1,495.5 per dollar as circuit breakers activated. President Lee Jae-myung ordered a fuel price cap to curb soaring petroleum costs.

Rapporté par l'IA

The Kenyan shilling has been ranked by Bloomberg data among the top five most stable currencies globally, with volatility of just 1.5 percent over the past year. This ranking reinforces confidence in the country's economic management efforts. Central Bank of Kenya Governor Kamau Thugge attributes the stability to improvements in the nation's external financial position.

Kenya's Central Bank Governor Kamau Thugge has attributed the Kenyan shilling's 18-month stability against the US dollar to strong foreign exchange reserves and other factors. The currency has traded between 128 and 130 shillings per dollar during this period. This marks a significant turnaround from its 21% crash in 2023.

Rapporté par l'IA

La livre égyptienne a régulièrement baissé face au dollar américain ces derniers jours, atteignant LE47.95 mardi contre LE46.72 une semaine plus tôt. Cette chute provient du retrait d’investisseurs étrangers et de fonds des marchés obligataires des pays émergents, avec près de LE12 milliards (US$250 millions) quittant le marché égyptien la semaine passée.

 

 

 

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