The won-dollar exchange rate against the U.S. dollar opened at 1,515 won on the 26th. It fell 2.2 won from the previous transaction day.
There is an outlook that the won-dollar exchange rate could stay around 1,500 won on this day. This is because the U.S.-Iran end-of-war talks have not concluded. As uncertainty persists and demand for the safe asset, the dollar, expands, it becomes a factor pushing the won-dollar exchange rate higher.
U.S. President Donald Trump said negotiations to extend the cease-fire with Iran and reopen the Strait of Hormuz are "proceeding smoothly." However, tension continues as he is pressuring Middle Eastern countries such as Saudi Arabia and Qatar to join the "Abraham Accords," aimed at restoring relations with Israel.
Whether foreign investors are net sellers of domestic stocks is also expected to have an impact. When foreigners sell domestic stocks and exchange them into dollars, it tends to push the won-dollar exchange rate higher. Foreigners were net sellers of more than 10 trillion won of Samsung Electronics and SK hynix alone in just the past week. During the same period, total net selling reached 14.3066 trillion won.