[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.