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KRW
KRW, USD
South Korean Won Weakens as Fed Expectations and Oil Shock Pressure the Currency
Today Markets Analysis: The South Korean won weakened to around KRW 1,353 per US dollar, retreating from a near two-year high as expectations for tighter Federal Reserve policy strengthened. A firmer dollar, elevated US Treasury yields and surging oil prices are creating a difficult combination for a currency heavily exposed to energy import costs. Fed […]
by Currency Hedger
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- 1 day ago
KRW
South Korean Won Eases From Near 2-Year High
The South Korean won traded around 1,346 per dollar, easing slightly but remaining near a two-year high, as surging oil prices lifted demand for the US dollar. Brent crude climbed above $107 per barrel amid escalating US-Iran tensions, raising concerns over higher energy import costs. Additionally, the US 10-year Treasury yield approached 5% as markets […]
by Currency Hedger
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- 5 days ago
KRW
South Korean Won Nears Two-Year High
The South Korean won traded at around 1,345 per dollar, reaching its strongest level since October 2024, as strong export earnings supported the currency. South Korea’s cumulative exports reached a record $709.4 billion so far this year, already surpassing the 2025 annual record, with semiconductor exports rising 169.6% in January-August amid strong demand for AI-related […]
by Currency Hedger
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- 1 week ago
KRW, USD
South Korean Won Rises to Over 1-Year High
The South Korean won traded around 1,355 per dollar, extending gains to its strongest level since early July 2025, as easing expectations for another US rate hike weakened the dollar and lowered Treasury yields. Fed Governor Christopher Waller indicated support for keeping rates steady if inflation continues to cool, prompting markets to reduce the probability […]
by Currency Hedger
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- 2 weeks ago
KRW, USD
South Korean Won Hits 13-Month High
The South Korean won traded around 1,374 per dollar, reaching its strongest level since July 2025, amid continued dollar selling by major exporters. Month-end flows and strong semiconductor-led export growth highlighted a favorable trade backdrop, with August shipments forecast to rise more than 60% year-on-year and the trade surplus expected to exceed $30 billion. The […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
KRW, USD
South Korean Won gains on back-to-back BoK interest rate hikes
The South Korean Won (KRW) trades higher against the US Dollar (USD) on Thursday, with USD/KRW falling 0.3% to near 1,380 during the Asian trading session. The pair revisits its 11-month low as back-to-back interest rate hikes by the Bank of Korea (BoK) have strengthened the currency. Earlier in the day, the BoK raised its […]
by Currency Hedger
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- 3 weeks ago