USD/KRW Falls to 1,490 on Weak U.S. CPI; Brief Spike to 1,494 on Iran-U.S. Tensions

According to Yonhapnews, the USD/KRW exchange rate declined to 1,490.70 on July 15 after the U.S. consumer price index (CPI) came in below expectations, weakening the dollar. The pair briefly surged to 1,494 during London trading hours amid heightened U.S.-Iran tensions, with Iranian officials reporting over 30 civilian deaths from U.S. airstrikes. In New York trading, June producer price index (PPI) data showed a 0.3% decline month-over-month, below the market forecast of 0% change, causing USD/KRW to stabilize in the 1,490s. The dollar index traded at 100.915.
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