[오늘의 환율전망] Preference for safe-haven assets eased on good economic indicators… 2 won drop start
The won/dollar exchange rate is expected to start declining.
On the 28th, Kiwoom Securities predicted that the 1-month contract for New York difference-settled futures (NDF) would start dropping by 2 won to 1,285.82 won.
Durable goods orders received by the US in May stood at $267.2 billion, up $1.9 billion (0.7%) from the previous month. It beat both the market consensus (0.2% increase) and the previous month’s growth rate (0.4%).
Provisional home sales in May also recorded 0.7% from the previous month, beating the market’s expectation of a decline. U.S. stocks fell on profit-taking last night, but the dollar fell as concerns over an economic slowdown eased.
Kim Yu-mi, a researcher at Kiwoom Securities, said, “The dollar declined slightly as US economic indicators were better-than-expected, easing concerns about an economic downturn, rising government bond yields, and easing preference for safe assets.” We expect a slight downward trend to continue after the dollar weakens,” he said.