USD/KRW Trades at 1,478.70 Won After Intraday Reversal on Trump Tariff Report

The USD/KRW exchange rate traded at 1,478.70 won at 9:25 PM on the 21st, up 0.30 won from the previous session, after closing regular trading at 1,473.40 won at 3:30 PM, down 5.00 won from the previous session. The rate faced downward pressure during regular hours as SK Hynix American Depositary Receipt (ADR) conversion demand continued and export companies released negotiation volumes, then recovered losses through the London and New York sessions. Reports that U.S. President Donald Trump would impose tariffs on dozens of countries later this week drove the dollar index higher, pulling the USD/KRW rate upward, while Yemen's Houthi rebels' announcement banning cargo loading and unloading at all Saudi ports also contributed to dollar strength.

SK Hynix ADR Demand and Exporter Flows Drive USD/KRW Lower in Regular Trading

The USD/KRW exchange rate closed regular trading at 1,473.40 won at around 3:30 PM on the 21st, down 5.00 won from the previous session. SK Hynix ADR conversion demand continued through the day, while export companies' negotiation volumes entered the market, exerting downward pressure on the rate.

USD/KRW trend on the 21st. Source: Yonhap Infomax

Trump Tariff Report and Houthi Shipping Ban Lift USD/KRW in Overseas Sessions

The USD/KRW rate reversed its decline through the London and New York trading sessions. Reports emerged that U.S. President Donald Trump would impose tariffs on dozens of countries later this week, driving the dollar index higher and lifting the USD/KRW rate in tandem. Yemen's Houthi rebels announced a ban on cargo loading and unloading at all Saudi ports, which also contributed to dollar strength.

Dollar Index and Major Currency Pairs Trade at Specified Levels

The dollar index traded at 101.023 at the same time. The USD/JPY exchange rate traded at 162.776 yen, flat compared to the previous session, while the EUR/USD rate traded at 1.14157 dollars, up 0.00004 dollars from the previous session. Offshore USD/CNY traded at 6.7671 yuan.

FAQ

What did the USD/KRW exchange rate do on the 21st?

The USD/KRW rate closed regular trading at 1,473.40 won at around 3:30 PM on the 21st, down 5.00 won from the previous session, then traded at 1,478.70 won at 9:25 PM, up 0.30 won from the previous session, reversing its earlier decline through overseas trading sessions.

Why did the USD/KRW rate reverse its decline after regular trading hours?

Reports that U.S. President Donald Trump would impose tariffs on dozens of countries later this week drove the dollar index higher, pulling the USD/KRW rate upward, while Yemen's Houthi rebels' announcement banning cargo loading and unloading at all Saudi ports also contributed to dollar strength during the London and New York sessions.