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USD-KRW Falls to 1,515.80 Won on July 8, Lowest Since June 18

GateNews
Forex
According to Yonhap Infomax, the USD-KRW exchange rate fell to 1,515.80 won as of 6 a.m. on July 8, down 14.50 won from the previous day's Seoul market close of 1,530.30 won. This marks the first dip below the 1,510 won level since June 18. Tensions over the Strait of Hormuz intensified after a British maritime authority reported an unidentified drone attack on a tanker passing through the strait, which led the U.S. Treasury to restore sanctions on Iranian oil, while Brent crude oil for September delivery rose 3.01% to $74.16 per barrel.
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