South Korean Won Strengthens to Highest Level Since May

Deep News

07/14

The South Korean won has advanced to its strongest level in two months, buoyed by expectations of US dollar inflows into the local foreign exchange market linked to SK Hynix's American Depositary Receipts (ADRs).

The USD/KRW pair saw an increase of up to 0.7%, reaching 1486.20 at one point.

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