Amid Iran foreign minister Abbas Araghchi’s Strait of Hormuz update comes a Chinese yuan report
Amid Iranian foreign minister Abbas Araghchi saying the Strait of Hormuz was open to all countries except the…
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Thursday, October 9, 2025
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The dollar-won exchange rate held steady in the mid-1,390 range as two-way flows and settlement demand limited volatility ahead of the Bank of Korea’s policy meeting, with the market closely watching global currency trends and central bank signals.
The dollar-won exchange rate rose to near 1,390 won on August 6 as foreign investors continued net selling of Korean stocks and the Chinese yuan weakened, with the KOSPI index falling and market attention focused on U.S. tariff and Fed chair developments.
The dollar-won exchange rate reversed earlier losses to trade higher, reaching 1,358.00 won intraday, as exporter supply expectations faded and South Korea's stock market weakened, while the Chinese yuan also depreciated and the U.S. Dollar Index rose.
Taiwan dollar and Chinese yuan surge against USD amid speculation of US pressure for currency appreciation, with Taiwan's central bank set to address the unusual market movement.
Seoul forex dealers predict USD/KRW rate to potentially fall below 1,420 won, driven by global weak dollar trend and yuan synchronization, with expected range of 1,415-1,426 won for the day.
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