empty
 
 

29.06.202604:37:30UTC+00South Korean Won Falls to Over 3-Week Low

The South Korean won hovered around 1,545 per dollar, extending losses and trading near its weakest level in more than three weeks as escalating geopolitical tensions in the Middle East pushed up oil prices and bolstered demand for the US dollar. The United States carried out new strikes on Iranian military targets after Tehran attacked shipping near the Strait of Hormuz, while uncertainty over renewed negotiations between the two countries continued to keep investors on edge. Markets also remained focused on the Federal Reserve's annual policy forum in Sintra and key US labor market data due later this week, with expectations of higher-for-longer US interest rates underpinning the greenback. Meanwhile, investors tracked President Lee Jae Myung's announcement of large-scale investments in semiconductors, AI, and data centers, as the government and major chipmakers prepared to present long-term investment plans aimed at strengthening South Korea's advanced technology sector.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback