The won-dollar exchange rate opened at 1,464 won per U.S. dollar on the 5th. It fell 12.2 won from the previous day.
This is seen as the result of a revival in the market's investment sentiment for risk asset. On the 4th (local time), The New York Times (NYT) reported that Iran's intelligence authorities sought behind-the-scenes contact with the Central Intelligence Agency (CIA) to end the conflict. Stocks also reacted to hopes that the war between the United States and Iran could end earlier than expected.
Overnight, the three major U.S. stock indexes in New York closed higher across the board. On the 4th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 238.14 points, or 0.49%, to finish at 48,739.41.
The Standard & Poor's (S&P) 500 rose 52.87 points, or 0.78%, to 6,869.50, and the tech-heavy Nasdaq climbed 290.793 points, or 1.29%, to 22,807.484, with both ending the transaction.
Min Kyung-won of Woori Bank said, "Investment sentiment favoring risk assets has recovered," but noted, "With the risk that oil prices could rise still present, the lower bound for the exchange rate is limited."