Jan 17, 2005

Currency Swings

Both the Won and the Yen did alright in last night's market.

The won's 0.7 percent fall against the yen this year has already made Korean products cheaper abroad relative to those of its Japanese rivals. Yesterday, the yen advanced to 101.70 per dollar, the highest since January 2000. Other Asian currencies strengthened after the yen's rise.

The won climbed 0.7 percent to 1,035.70 won to the dollar, its highest close since December 31.

The article I pulled that from has a nice summary of where those currencies stand. Maybe they will reverse off highs like the Euro did but I don't think so.

No comments:

Post a Comment