Dollar-won ended Seoul's regular session at 1,418.4 won on the 10th, up 2.3 won from the previous close after falling as low as 1,407.3 won, as bargain hunting, importer settlement demand and currency conversions for overseas stock investments offset a broader dollar decline. The dollar weakened after July U.S. nonfarm payrolls (U.S. jobs excluding farming) fell by 23,000 against expectations for an 80,000 increase and May and June gains were revised down by a combined 103,000, easing expectations for a September rate hike and pulling Treasury yields lower. The exchange rate has dropped sharply since mid-July, from 1,503.4 won on July 13 to 1,416.1 won on the 7th of this month, even as higher oil prices, delays in reopening the Strait of Hormuz, exporter dollar selling, inflows tied to SK Hynix's American Depositary Receipt (ADR) listing, U.S.-Japan foreign exchange intervention and offshore non-deliverable forward (NDF) trading have added to volatility. Bank of Korea data show the won's average monthly fluctuation range this year through the end of last month was 47.0 won, the widest since 2009, while KB Kookmin Bank economist Lee Min-hyuk said 1,400 won is the first support line and the pace of decline may slow, though equity outflows, a weaker yen or firmer U.S. inflation could revive won weakness.