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USD-KRW Falls to 1,422.50 Won on August 6, Down 2.00 Won Amid Dollar Weakness

2026-08-05 23:23:21

According to Yonhap Infomax, the USD-KRW exchange rate declined 2.00 won to 1,422.50 won on August 6 at 6 a.m. KST, reflecting global dollar weakness and expectations of Hormuz Strait reopening. The currency fell 7.10 won compared to 1,429.60 won 24 hours prior. Comments from U.S. Treasury Secretary Scott Bessent and continued foreign stock net purchases supported the decline. Iran agreed with Oman on establishing a joint shipping corridor in the Hormuz Strait, though Iran stated the new route does not represent full strait reopening. The U.S. dollar index stood at 99.690, while the euro-dollar rate reached 1.15526, marking its highest level since mid-June.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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USD/KRW Falls Below 1,430 Won on Aug 5 Amid Bessent's Comments on Korean Currency Volatility

USD/KRW Closes at 1,426.80 Won on August 4, Down 3.00 Won Amid Intervention Concerns

In-Depth Analysis

USD-JPY Holds 157 Yen Range as Bessent Urges Japan Rate Action

Gate Macro TradFi Hub08-05 16:38

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Gate Macro TradFi Hub08-05 01:31

USD/JPY Rises 0.41% to 157.597 Yen After Sharp Drop as Bessent Pledges Yen Support

Gate Macro TradFi Hub08-04 17:59

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