USD/KRW Falls to 1,459.40 Won on July 28 as Exporters Sell Dollars

SK Hynix-14.64%
According to Yonhapinfomax, the USD/KRW exchange rate fell to 1,459.40 won on July 28, down 9.10 won from the previous close as of 9:07 p.m. in New York. The decline was driven by dollar selling from exporters including SK Hynix ahead of month-end, and foreign investors' net short positions of 43,000 contracts in currency futures. The rate further weakened to 1,459.00 won during the low-volume London session.
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