Lee Dae-ho

Type: Person
Name: Lee Dae-ho
First reported Aug 04 2014 - Updated Aug 04 2014 - 1 reports

Won reaches 4-month high as U.S. data weaken dollar

South Korea’s won strengthened the most in almost four months as data showed the U.S. economy added fewer jobs than expected, cutting speculation the Federal Reserve will speed up moves to raise interest rates.U.S. employment increased by 209,000 jobs ... [Published Korea Herald - Aug 04 2014]
First reported Aug 04 2014 - Updated Aug 04 2014 - 1 reports

S.Korea won gains after dollar falters on U.S. jobs data, stocks ease

* Won poised for biggest daily gain since May * KOSPI flat in tug-of-war between foreigners and SEOUL, August 4 (Reuters) - The South Korean won rebounded from a three-month low on Monday as the dollar was pressured by U.S. job growth data, while the ... [Published Sharenet - Aug 04 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 2 reports

South Korea won dips as GDP data reinforces rate cut view

SEOUL: The South Korean won fell on Thursday, headed for its worst day in more than a week, as second-quarter economic growth came in weaker than expectations and raised the probability of an interest rate cut as soon as next month.The local currency ... [Published Economic Times - Jul 24 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

South Korean won, stocks rise on foreign inflows after US data

* Won firms, but gains expected to be capped * KOSPI rises along with global shares * Bonds jump on speculation about steep interest rate cut SEOUL, July 17 (Reuters) - South Korea's won and stocks gained on Thursday, helped by foreign inflows after risk ... [Published Sharenet - Jul 17 2014]
First reported Jul 13 2014 - Updated Jul 14 2014 - 2 reports

Behind the scenes, gov’t tries to control the won

Korea’s foreign exchange authorities have been engaged in a quiet war in recent months to hold down the won, throwing more firepower at it than they have in years in a bid to support exports and keep the economy on its fragile recovery track.The dollar-buying ... [Published Korea Joongang Daily - Jul 14 2014]

Quotes

...6 percent against the dollar and was quoted at 1,030.7 as of 0219 GMT versus Friday's close of "the won strengthened due to a setback from the slowed job growth in july, though there's no doubt that the u s economy is recovering en masse" said Lee Dae-ho, a currency analyst at Hyundai Futures, adding that the won's gains will be cut short as the dollar is expected to bounce back in the...
"the weak gdp growth supported the recent dovish stance from the authorities, and the won is falling according to growing expectations of a rate cut" said Lee Dae-ho, a currency analyst at Hyundai Futures
...5 to the dollar as of 0253 GMT, up 0.16 percent from Wednesday's domestic close at "the won is making a slight turnaround to recover from some (recent) losses" said Lee Dae-ho, an analyst at Hyundai Futures, adding the trend might be short-lived...
"we can't say all of the increases in the forwards data come from intervention, but they definitely are linked to it" said Lee Dae-ho, a foreign exchange analyst at Hyundai Futures

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Won reaches 4-month high as U.S. data weaken do... [Published Korea Herald - Aug 04 2014]
S.Korea won gains after dollar falters on U.S. ... [Published Sharenet - Aug 04 2014]
South Korea won dips as GDP data reinforces rat... [Published Economic Times - Jul 24 2014]
S.Korea won dips as GDP data reinforces rate cu... [Published Sharenet - Jul 24 2014]
South Korean won, stocks rise on foreign inflow... [Published Sharenet - Jul 17 2014]
Behind the scenes, gov’t tries to control the won [Published Korea Joongang Daily - Jul 14 2014]
South Korea quietly intervenes on the won to bo... [Published Reuters - Jul 13 2014]
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