Seoul FX Dealers Forecast USD/KRW Around 1,460 Won Midpoint Today

Seoul foreign exchange dealers forecast the dollar-won exchange rate to trade around the mid-1,460 won level today (July 28), according to Yonhapinfomax. The market sentiment remains cautious, with international crude prices declining following reduced military tensions between the U.S. and Iran over the weekend. Foreign investors sold approximately 3 trillion won of local stocks yesterday, though custodial buying is expected to provide support at lower levels. Traders anticipate the U.S. Federal Reserve Open Market Committee (FOMC) meeting, scheduled to begin tonight through July 29, may limit volatility. The expected trading range for USD/KRW is 1,458.00 to 1,473.00 won.
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