Seoul FX Dealers Expect USD/KRW to Trade Between 1,472–1,485 Won on July 21 Amid Geopolitical Tensions

SKHY12.92%
SKHYV-0.98%
According to Seoul foreign exchange dealers on July 21, the USD/KRW exchange rate is expected to trade in a range of 1,472.00–1,485.00 won, pressured by diverging forces: mounting Middle East tensions support dollar strength, while active dollar selling flows from exporters' hedging and SK Hynix's $26.5 billion ADR redemptions push the currency weaker. NDF one-month USD/KRW forwards closed at 1,475.20 won.
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