Korean won inches down against US dollar ahead of Fed meeting
A screen at the dealing room of Hana Bank's headquarter in Seoul shows the exchange rate, Tuesday. Yonhap
The Korean won edged down against the U.S. dollar Tuesday, as traders have kept a close watch on a Federal Reserve meeting this week.
The won was quoted at 1,323.7 won per dollar at 3:30 p.m., down 0.6 won from the close of the previous stock trading session.
At one point in morning trading, the won advanced to a high of 1,322.8 won per dollar, helped by stronger-than-expected economic growth in the third quarter.
The nation's economy grew 1 percent in the July-September period, thanks to semiconductor-led exports and investment.
Foreign investors purchased a net 592.9 billion won ($447 million) worth of local shares during the latest regular stock trading session, with the benchmark Korea Composite Stock Price Index gaining 3.09 percent to close at 5,638.34.