[Seoul Foreign Exchange Market]Won Rebounds to Upper 1,490s on Ceasefire Uncertainty, Up 2.40 Won

Dollar-won exchange rate rebounds to upper 1,490s after erasing early losses as Iran expresses skepticism over U.S. ceasefire proposal, with geopolitical uncertainty driving won weakness and foreigners turning net sellers in Korean equities

[Seoul Foreign Exchange Market-Morning]Won Pares Losses on Ceasefire Skepticism - Down 0.50 Won

Dollar-won exchange rate pares losses to trade down 0.50 won at 1,494.70 won as market participants remain cautious despite U.S.-Iran ceasefire proposal, with oil prices falling over 5% and KOSPI surging 2.2% amid lingering uncertainty over Iran's official response to negotiations.

Israeli PM Seeks Confirmation on US-Iran Contact Reports, Washington Denies

Israeli Prime Minister Benjamin Netanyahu directly contacted the White House to confirm reports of possible US-Iran contact regarding ceasefire discussions, which Washington denied, signaling Israel's concerns about potential diplomatic moves before achieving its war objectives against Iran.

Trump Announces Meeting with Putin in Alaska on August 15

Donald Trump announced plans to meet Russian President Vladimir Putin in Alaska on August 15, 2025, with the Russia-Ukraine ceasefire expected to top the agenda.

[New York Oil Price]WTI Ends Flat as Markets Eye US-Russia Summit Developments

WTI crude closed flat at $64.88 as markets monitored US-Russia ceasefire talks, with supply concerns easing on potential sanctions relief if a deal is reached.

Friday, April 18 – Writeworks.UK