USD/KRW Rises to 1,480.10 on July 22 as Middle East Tensions Drive Dollar Strength

According to Yonhapinfomax, USD/KRW rose to 1,480.10 on July 22, up 6.70 won from the previous Seoul close of 1,473.40 won, marking a 7-day high. The gains reflect dollar strength amid escalating Middle East geopolitical risks, including ongoing Iranian airstrikes that have continued for 11 days and warnings of conflict escalation over potential nuclear facility attacks. Brent crude climbed to its highest level since July 11, reaching $92 per barrel, further supporting dollar demand.
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