The exchange rate, which went up to 1,550 won a few days ago, has dropped by 50 won.
I see this as a good sign.
This is because I believe the exchange rate is an indicator of supply and demand.
Although KOSPI was devastated today, it seems that something is moving under the water.
In a situation where the dollar index and US Treasury yields are not changing significantly, the won-dollar exchange rate is greatly improving,
it makes you wonder if there's something going on.
Is it because of 24-hour foreign exchange trading?
While that's possible, the phenomenon of the exchange rate falling while KOSPI is plummeting makes you think a lot.
