USD/KRW Falls 7.60 Won to 1,522.70 on July 7 as USD/JPY Weakens

USDJPY-0.10%
According to Yonhap Infomax, the USD/KRW exchange rate fell 7.60 won to 1,522.70 won on July 7 afternoon, extending losses as the U.S. dollar weakened against the Japanese yen. The decline from the previous Seoul market close of 1,530.30 won was driven by a sharp selloff in USD/JPY, with the dollar-yen rate dropping to the mid-161 yen range.
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