New Delhi, April 8 (IANS) The US Dollar Index (DXY) slipped sharply on Wednesday, falling more than 1 per cent to around 98.58, as geopolitical uncertainty in the Middle East weighed on global markets.The latest declined put it on track to wipe out the gains it had made earlier in 2026.The drop comes at a time when global investors are closely watching developments in the Middle East.The index, which tracks the strength of the US dollar against a basket of six major currencies, is widely used as…
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Seoul, March 23 (IANS) Foreign currency deposits in South Korea fell for the second straight month in February, due to a decline in both individual and corporate deposits, central bank data showed on Monday.Outstanding foreign currency-denominated deposits held by residents stood at US$117.53 billion at the end of February, down $490 million from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.In January, foreign currency deposits fell for the firs…
Seoul, Feb 27 (IANS) Foreign currency deposits in South Korea fell for the first time in three months in January, due to a decline in corporate deposits, central bank data showed on Friday.Outstanding foreign currency-denominated deposits held by residents stood at US$118.03 billion at the end of January, down $1.4 billion from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.It marked the first on-month decline since October, following gains in Nov…
Seoul, Jan 13 (IANS) The South Korean currency fell further on Tuesday, hovering below the level of 1,470 won per US dollar shortly after recovering from a near 16-year low.The won opened at 1,468.5 per dollar, down 0.1 won from the previous session, and dipped further to 1,472.45 won as of 9:30 am, reports Yonhap news agency.The local currency had slid to a 16-year low of around 1,480 won in mid-December and rebounded above the 1,450 won mark on Dec. 24 for the first time in about two months fo…
Seoul, Dec 30 (IANS) Foreign currency deposits in South Korea rose for the first time in three months in November, central bank data showed on Tuesday.Outstanding foreign currency-denominated deposits held by residents stood at US$103.55 billion as of end-November, up $1.71 billion from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.The total had reached the highest level in 31 months in August but declined over the following two months, mainly du…