Dollar-Won Rises to 1,482 as U.S. Stocks Surge on Semiconductor Rally

According to Yonhapinfomax, on July 22, the USD-KRW one-month NDF rose to 1,482 won (mid-point), up 9.4 won from the previous day's spot close of 1,473.40 won. The U.S. dollar index climbed above 101 following remarks by President Trump indicating unwillingness to engage with Iran, while Middle East tensions supported oil prices.

U.S. equities rallied broadly, with the Dow Jones Industrial Average up 0.74%, the S&P 500 up 0.89%, and the Nasdaq Composite up 1.29%. The Philadelphia Semiconductor Index surged 5.21%, with SK Hynix ADR jumping 13.75%. WTI crude oil for August delivery rose 1.68 dollars to 84.91 per barrel, while Brent crude for September delivery gained 1.79 dollars to 91.01 per barrel.