Korean won rises as SK Hynix reportedly sells US dollars in the local forex market

Jinse Finance reported that on July 14, according to a trader familiar with the transactions and a government official, the Korean won appreciated as SK Hynix sold US dollars in the local foreign exchange market. The USD/KRW exchange rate fell by 0.3% to 1,492.95, after previously dropping as much as 0.7% to 1,486.20, marking a two-month low. Sources revealed that Hanwha Ocean sold forward dollar contracts on Friday and Monday, but has not sold any since Tuesday.