Dollar-won exchange rate plunged over 30 won intraday to early 1,470s as foreign investors net purchased over 2 trillion won in Korean stocks following U.S.-Iran ceasefire agreement, with KOSPI surging 7.2% and WTI crude falling 16% amid global risk-on sentiment before FOMC minutes release.
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[Seoul Foreign Exchange Market]Won Rebounds to Early 1,470s on Foreign Stock Buying - Down 29.80 Won
Dollar-won exchange rate plunged over 30 won intraday to early 1,470s as foreign investors net purchased over 2 trillion won in Korean stocks following U.S.-Iran ceasefire agreement, with KOSPI surging 7.2% and WTI crude falling 16% amid global risk-on sentiment before FOMC minutes release.