USD/KRW Closes Below 1,500 on July 11 Amid Yen Strength and Policy Intervention

According to Yonhapinfomax, USD/KRW closed at 1,498.50 won on July 11, down 2.90 won from the previous Seoul session close and 11.00 won lower than 24 hours prior. The decline came as yen strengthened following remarks from Japanese Finance Minister Katayama Satsuki encouraging expanded domestic investment by Japan's public pension fund, while South Korean currency authorities signaled monitoring of exchange rates. A deputy director of South Korea's Ministry of Economy and Finance noted that current rates remain misaligned with economic fundamentals.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments