USD/KRW Rises to 1,513.30 Won on July 9, Up 7.60 Won from Previous Close

According to Yonhap Infomax, the USD/KRW exchange rate rose 7.60 won to 1,513.30 won on July 9, trading in early 1,510s in New York. At 9:03 p.m., the pair had climbed 14.80 won from the previous day's close.

The currency pair intraday dipped to 1,496.80 won amid foreign investor buying of Korean equities, yen strength, and dovish interpretations of the June FOMC minutes. However, bargain buying following the sharp decline and escalating U.S.-Iran military tensions supported renewed won weakness. Upcoming U.S. data on weekly jobless claims, June existing home sales, and speeches by Federal Reserve officials may influence trading.