Korean Won Enters 1,400 Level on July 11 as SK Hynix Completes U.S. IPO

SKHYV-0.98%
According to E Daily and Seoul Foreign Exchange Brokerage, the Korean won-to-dollar exchange rate entered the 1,400 won level on July 11 following SK Hynix's successful listing on the U.S. stock market. The currency is expected to fluctuate around the 1,500 won level this week before potentially settling in the late 1,400 won range amid the release of U.S. consumer price data and the Bank of Korea's monetary policy committee decisions.
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