The won-dollar exchange rate is trading in the 1380 won range.
As of 9:08 a.m. on August 25 in the Seoul foreign exchange market, the exchange rate stood at 1379.5 won against the U.S. dollar. The rate recorded an increase of 0.8 won to 1383.2 won compared to the previous day's closing price as of 6 a.m.
Overnight, the dollar showed strength. The dollar index, which measures the dollar's value against six major currencies, rose by 0.19% to 99.016. This increase is attributed to heightened demand for safe-haven assets following the Trump administration's announcement of additional economic pressure on Iran.
The New York stock market showed mixed results. The Dow Jones Industrial Average closed up 140.15 points (0.26%) at 53,417.16.
In contrast, the S&P 500 index fell by 21.51 points (0.28%) to close at 7,652.86, while the Nasdaq Composite dropped by 200.26 points (0.76%) to finish at 25,980.19.
International oil prices fell for the first time in seven trading days. October futures for Brent crude dropped by 2.35% to $92.17 per barrel, and October futures for West Texas Intermediate (WTI) also fell by 2.35% to $85.01 per barrel.
In the early trading session, foreign investors showed a selling trend in the domestic stock market, with net sales of 769.3 billion won in the KOSPI.
The exchange rate is expected to show a slight upward trend today. Min Kyung-won, an economist at Woori Bank, stated, "We anticipate a slight increase due to the strong dollar following long positions and foreign net selling in the domestic stock market. However, increased dollar selling from exporters at the end of the month will limit the upper range of the exchange rate."
* This article has been translated by AI.
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