According to Yonhapinfomax, the USD/KRW exchange rate rebounded to 1,337.50 won on November 12, rising 3.90 won from the previous Seoul session close of 1,333.60 won. The rebound reflects Fed rate hike expectations and global dollar strength driven by tech stock gains in New York.

The strength in the dollar was supported by October's U.S. CPI data exceeding market expectations, reinforcing expectations for a December Fed rate hike. Fed Governor Christopher Waller mentioned the possibility of a 50bp rate increase, adding to market caution about a potential "big step" move. CME FedWatch data showed a 10.4% probability of a 50bp December rate hike versus 89.6% for 25bp.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.