Won-Dollar Exchange Rate Falls Early in Trading... Around 1180 Won

[Asia Economy Reporter Jang Sehee] On the 1st, the KRW-USD exchange rate slightly fell in the early trading session.

At 9:47 a.m. in the Seoul foreign exchange market on the same day, the KRW-USD exchange rate was 1,180.9 won, down 7.0 won from the previous day's closing price.

The exchange rate opened at 1,184.4 won, down 3.5 won, and maintained a downward trend in the early session.

Although the emergence of the new COVID-19 variant Omicron has strengthened safe-haven asset preference, the market is showing a weak dollar as it judges that the possibility of early tightening by the U.S. Federal Reserve (Fed) has weakened.