In the non-deliverable forward (NDF) market in New York City, the won-dollar exchange rate fell to the 1,370 won range on the 5th (local time).
According to the International Financial Center's international finance bulletin on the 6th, the won-dollar transaction settled for delivery in one month was quoted at 1,372.9 won in the New York non-deliverable forward market on the 5th.
On the 4th, it dropped 31.4 won compared to the night trading closing price of 1,401.5 won in the Seoul foreign exchange market. This means the value of the won has risen. The Korea Financial Center noted that the dollar's value has decreased due to reduced demand for dollars from investors, fueled by the strength of emerging market currencies. The euro's value rose by 0.2%, and the yen's value increased by 0.9%.
The credit default swap (CDS) premium, which can be considered the insurance premium on the nation's Government Bonds, fell from 0.32 percentage points the previous day to 0.29 percentage points.
The Korea Financial Center analyzed that the U.S. financial markets are showing mixed trends due to differing interpretations of the economy.
Stock prices fell by 0.6%, the dollar showed weakness, and the yield on 10-year U.S. Treasury bonds rose by 3 basis points after three days.
President Donald Trump stated that the possibility of a trade agreement being reached this week is 'very high,' explaining that it depends on when he decides to reach an agreement.
He expressed a willingness to reduce tariffs at some point, signaling that his aides are in dialogue with Chinese counterparts.
President Trump also mentioned that he would impose a 100% tariff on films produced outside of the U.S. He stated that procedures for imposing tariffs would commence soon through the Office of the United States Trade Representative (USTR), but the specific implementation details and scope of the measures remain unclear.