dailypro2020

The USD/KRW exchange rate breached the psychologically critical 1,540 level during offshore NDF trading on June 4, 2026, reaching its highest point since March 2009 when the global financial crisis pushed the pair to 1,561. The won opened the domestic session at 1,530, up 13.6 won from the previous close, briefly dipped to 1,525 after Finance Minister Koo Yoon-cheol convened an emergency market situation meeting and issued verbal intervention, then resumed its relentless climb in overnight trading to pierce 1,540. This marks the 13th consecutive trading session above the 1,500 level — a threshold that had held for 17 years before being breached in mid-May. I've been tracking Korean FX markets since the 2008 crisis, and I can say this episode feels fundamentally different from previous won weakness cycles. The 2008-2009 won collapse was driven by a global liquidity freeze and banking sector dollar funding stress. The 2022 weakness was driven by Fed rate hikes and a broad dollar ra...

The USD/KRW exchange rate breached the psychologically critical 1,540 level during offshore NDF trading on June 4, 2026, reaching its highest point since March 2009 when the global financial crisis pushed the pair to 1,561. The won opened the domestic session at 1,530, up 13.6 won from the previous close, briefly dipped to 1,525 after Finance Minister Koo Yoon-cheol convened an emergency market situation meeting and issued verbal intervention, then resumed its relentless climb in overnight trading to pierce 1,540. This marks the 13th consecutive trading session above the 1,500 level — a threshold that had held for 17 years before being breached in mid-May. I've been tracking Korean FX markets since the 2008 crisis, and I can say this episode feels fundamentally different from previous won weakness cycles. The 2008-2009 won collapse was driven by a global liquidity freeze and banking sector dollar funding stress. The 2022 weakness was driven by Fed rate hikes and a broad dollar ra...