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Korean Won Strengthens to 1,462.50 Against Dollar on July 29 as SK Hynix Sells $2B

2026-07-29 00:37:30

According to Yonhapinfomax, the Korean won strengthened against the US dollar on July 29, with USD/KRW falling to 1,462.50 from an intraday high of 1,472.10. SK Hynix sold over $2 billion worth of dollars and month-end currency settlements by exporters provided significant selling pressure on the dollar. Easing Middle East tensions—Oman and Iran approved a Strait of Hormuz mediation proposal awaiting US President Trump's endorsement—and a stronger-than-expected decline in US crude prices (Brent fell to $84 from over $100 per barrel last week) weakened the dollar globally. The US consumer confidence index came in at 90.8, below the expected 92.3, adding to dollar weakness.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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