South Korean currency starts to fall

Baku. 4 July. REPORT.AZ/ South Korean won started to fall after the news on North Korea's ballistic missile testing. Report informs citing the Bloomberg agency, won fell to its lowest level in last four months against US dollar. Notably, the current exchange rate is 1 150 KRW / USD. On June 27-28, foreign investors sold government bonds worth 2 trln. wons ($ 1.7 billion).

The rise in interest rates on American bonds as a result of the increase in US interest rates has diminished interest in Indonesian bonds and domestic currency of this country has also started to decline. As a result, the rate rose to 13.93 IDR/USD and reached the highest level since May 19. Foreign investors sold Indonesian government bond worth $ 1.5 trillion Rupiah ($ 112 million) on 30 June.

Notably, 1.3% of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ), ie 430 mln USD were invested in Korean won assets.