USD-KRW 1M NDF Rises to 1,527.60, Up 3.30 Won on July 7

According to overseas brokers, on July 7, the one-month USD-KRW NDF in New York rose to 1,527.60 (mid-price), up 3.30 won compared to Seoul's spot close on July 3. The bid was quoted at 1,527.40 won and the ask at 1,527.80 won.

The U.S. dollar weakened against a stronger euro, driven by hawkish remarks from European Central Bank officials. Geopolitical tensions have eased somewhat as ships continue transiting the Strait of Hormuz despite ongoing U.S.-Iran ceasefire negotiations showing no clear progress. The dollar index edged down to 100.845.