KRW/USD Explores Direction Around 1,500 Won on July 9 Amid Middle East Tensions and Hynix IPO

According to Seoul Foreign Exchange Brokerage, the Korean won-to-U.S. dollar exchange rate is expected to explore its direction around the 1,500 won level on July 9. The dollar is strengthening due to renewed geopolitical concerns following the collapse of the U.S.-Iran ceasefire and rising tensions surrounding the Strait of Hormuz. However, expectations surrounding SK Hynix's public listing are creating conflicting supply-demand pressures on the won.
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