USD/KRW Rises to 1,468.5 Won on July 27 Amid Foreign Investor Selloff

According to News1, the USD/KRW exchange rate rose to 1,468.5 won on July 27, up 1.9 won from the previous session's close at 1,466.6 won. The move reflected foreign investors' net selling of Korean stocks, with overseas institutions offloading 2.8856 trillion won worth of KOSPI shares over two consecutive trading days, triggering dollar-buying demand for custody-related needs.

Downside pressure was limited by diminished geopolitical tensions, as the United States and Iran paused their escalating attacks over the weekend. Both sides were engaged in talks mediated by Oman regarding shipping traffic through the Strait of Hormuz, easing concerns of immediate closure of the crucial oil transit route. The dollar index declined 0.30% to 101.002.