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According to data from financial data analysis firm Refinitiv (UK), annual profits for S&P 500 companies are expected to fall 2.2% in the fourth quarter of 2022. Vblink Download Link, Although Mr. Rhee Chang-yong affirmed that this difference does not technically affect the exchange rate and foreign capital, the fact that Korea's base interest rate is lower than the US will increase the risk. when foreign investors withdraw capital from the domestic market, pulling the value of the won down against the USD.
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