RobotFX delivers curated forex news to keep you informed on key market events.
The South Korean won weakened to around 1,353 per dollar, pulling back from a near two-year high as expectations grew for tighter Federal Reserve policy. Markets were assigning roughly a 92% probability to a 25-basis-point rate hike this week, while the 10-year US Treasury yield hovered near 5%, underpinning the US dollar.
Rising crude oil prices further stoked inflation concerns. Oil climbed above $100 a barrel amid escalating tensions in the Middle East, heightening worries over South Korea’s energy import costs. A vessel was recently hit in the Strait of Hormuz, and Saudi Arabia has kept its East–West crude pipeline closed following drone attacks, raising the risk of additional disruptions to regional oil supply.
Foreign investors also offloaded a net 3.2 trillion won in local equities, adding downward pressure on the currency. Even so, steady dollar selling by major semiconductor exporters helped cap the won’s losses.
Watch in-depth trading tutorials and EA reviews on the RobotFX YouTube channel. Subscribe for free tips.
The material has been provided by - RobotFX.Org
Stay informed and trade smarter with RobotFX products. Discover more at robotfx.org.
Download NOW!
No comments:
Post a Comment