South Korea’s won fell sharply below 1,400 per dollar as quarter-end exporter settlements and strong foreign buying in equities drove the KOSPI higher, while the dollar weakened on revived Fed rate cut hopes; market participants are watching for further settlement flows and U.S. shutdown risks.
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[Seoul Foreign Exchange Market Closing]Dollar-Won Falls Sharply Below 1,400 on Quarter-End Exporter Sales, KOSPI Rebound—Down 13.70 Won

South Korea’s won fell sharply below 1,400 per dollar as quarter-end exporter settlements and strong foreign buying in equities drove the KOSPI higher, while the dollar weakened on revived Fed rate cut hopes; market participants are watching for further settlement flows and U.S. shutdown risks.

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