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Dollar-Won Falls to 1,422.80 Won on August 6 as Oil Stabilizes, Dollar Weakens

Forex Commodities

2026-08-06 02:30:12

According to Yonhapinfomax, on August 6, the dollar-won exchange rate fell to 1,422.80 won as of 9:19 a.m. Seoul time, down 1.70 won from the previous day's closing of 1,424.50 won. The decline was supported by dollar weakness and stabilizing oil prices, with WTI crude futures trading around $74 per barrel and the dollar index falling near 99.6. Market expectations for a potential reopening of the Hormuz Strait following Iran-Oman negotiations also contributed to dollar weakness.

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.

Related News

Won Falls to 1,415 Against Dollar on August 6, Lowest Level in 10 Months

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

USD/KRW Falls to 1,424.80, Down 7.70 on August 5 Amid Bessent's Hawkish Signals

Dollar Falls to 1,428.10 Won Against Korean Currency on August 5 as Treasury Secretary Backs Won Strength

Korean Won Rebounds to 1,432.5 Against US Dollar on August 4 as Middle East Tensions Ease, Oil Falls Over 4%

In-Depth Analysis

South Korea FX Swap Points Normalize After Reserve Requirement Period

Lucas Bennett08-06 01:24

USD-KRW Falls to 1,422.50 Won on Dollar Weakness and Hormuz Reopening Hopes

Lucas Bennett08-05 23:24

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

Lucas Bennett08-05 16:38

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