South Korean won eases near two-year high as oil and U.S. yields support dollar

  • The won closed at 1,339.2 per dollar on the 10th, while a later update placed it around 1,346 near a two-year high.
  • Brent crude exceeded $107 a barrel and the U.S. 10-year Treasury yield approached 5%, supporting demand for dollars.
  • South Korean exports rose 82.9% year-on-year in September's first 10 days, with semiconductor shipments up 270%.

The South Korean won remained near a two-year high against the U.S. dollar despite pressure from higher oil prices, weaker Korean shares and rising U.S. Treasury yields. The rate closed at 1,339.2 won in Seoul on the 10th, up 3.1 won, or 0.23%, from the previous session, while a later market update placed it around 1,346 per dollar. Brent crude rose above $107 a barrel amid escalating U.S.-Iran tensions, and the U.S. 10-year Treasury yield approached 5% after stronger producer inflation increased bets on a Federal Reserve rate hike next week. South Korean inflation remained above the Bank of Korea's target, while exports surged in September's first 10 days, led by semiconductors.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.