The dollar-won exchange rate rose in overnight trading, driven by higher-than-expected US May PPI data and a threat of further strikes on Iran by President Trump. However, Trump later canceled the strike and hinted at a deal, suggesting a potential drop in the Seoul market.
The dollar-won exchange rate narrowed its gains in overnight trading, closing at 1,520.20 won per dollar. This comes after the US May CPI largely met expectations, with the dollar index remaining flat, causing the exchange rate to give back some of its gains from the regular session.
The dollar-won exchange rate surged past 1,530 won in overnight trading, driven by foreign investors selling Korean stocks for 19 consecutive days. Despite verbal intervention from South Korean foreign exchange authorities, the market showed little reaction, with the rate reaching a 17-year high.
The dollar-won exchange rate surged in overnight trading, approaching the 1,520 won mark. Despite a rising New York stock market, the rate showed risk aversion due to doubts about the smooth progress of US-Iran peace talks.
The dollar-won exchange rate rose above 1,510 won in overnight trading, driven by heightened risk aversion due to Iran's threats to block the Strait of Hormuz and expand regional conflict if its demands are not met.
The dollar-won exchange rate closed at 1,517.40 won, showing a rebound after an overnight decline. Initial gains were pared due to hopes of a US-Iran ceasefire, but a hawkish remark from a Fed official and rising inflation expectations pushed the rate up.
