USD/KRW Falls to 1,472.80 on July 23 as South Korea's Q2 GDP Beats Expectations

According to Yonhapinfomax, the USD/KRW exchange rate weakened to 1,472.80 Korean won on July 23, down 7.30 won from the previous close. South Korea's surprise stronger-than-expected Q2 GDP growth of 3.7% year-over-year provided support for the won, while foreign investors' net purchase of 2.13 trillion won in equities and dollar sales by exporters added further downward pressure on the dollar.
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