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(Seoul=Yonhap Infomax) Sun Young Jung – The dollar-won exchange rate slipped below the 1,470-won mark during London trading hours.
As of 17:37 KST on the 25th, the dollar-won was trading at 1,468.80 won, down 8.30 won from the previous session in the Seoul foreign exchange market.
The pair closed the regular session at 1,472.40 won, a decrease of 4.70 won from the prior day.
Entering the London session, the dollar retreated further to the upper 1,460-won range.
Market participants focused on the authorities' commitment to stabilizing the foreign exchange market as the rate hovered in the 1,470-won range.
Heightened caution prevailed ahead of a scheduled press briefing by Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol on the 26th, where he is expected to address recent economic developments, including the foreign exchange market.
Additionally, renewed hopes for an end to the four-year conflict between Russia and Ukraine bolstered risk appetite.
The euro strengthened against the dollar, tempering the greenback's rally.
The dollar index fluctuated around 100.12.
At the same time, the dollar-yen rate fell 0.24 yen to 156.58 yen, while the euro-dollar rate edged up $0.0004 to $1.1520.
The offshore dollar-yuan (CNH) rate slipped slightly to 7.0918 yuan.
syjung@yna.co.kr
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