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Won-dollar rate opens in mid-1,350 won range amid US-Iran uncertainty

  • The won-dollar exchange rate opened in the mid-1,350 won range on the 28th.
  • Yen strength and month-end exporter dollar sales provided downside support.
  • Renewed uncertainty surrounding US-Iran negotiations created upward pressure over the weekend.

The won-dollar exchange rate opened in the mid-1,350 won range on the 28th. Uncertainty surrounding US-Iran negotiations resurfaced over the weekend, creating upward pressure on the rate. A stronger yen and month-end exporter dollar sales are providing downside support, leaving market participants focused on the competing forces shaping trading.

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