USD/KRW Falls to 1,493.00 on July 14, Down 10.40 as SK Hynix Sells Dollars

According to Yonhapinfomax, USD/KRW fell to 1,493.00 won on July 14, down 10.40 from the previous close of 1,503.40, as South Korea's major semiconductor and heavy industry exporters increased dollar sales. SK Hynix began selling dollars from the morning session, with flows expected to continue through early next week. The pair hit a daily low of 1,486.30 won, marking its lowest level since May 12. Foreign investors also supported KRW strength by net buying 1.489 trillion won worth of stocks across Korean equity markets.
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