USD-KRW Falls to 1,488.70 on July 14 as U.S. June CPI Misses Expectations

According to Yonhap Infomax, the USD-KRW exchange rate fell to 1,488.70 won on July 14 as the U.S. June consumer price index declined 0.4% month-over-month, below the expected 0.1% drop. The weaker-than-anticipated CPI reading, combined with SK Hynix selling U.S. dollars and foreign investors net buying 961 billion won worth of domestic stocks, pressured the won stronger throughout New York trading hours.
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