The won-dollar exchange rate was 1,349.6 won at 9 a.m. on the 11th, up 10.4 won (0.77%) from the prior weekly close. It finished weekly transactions the previous day at 1,339.2 won, then climbed back into the 1,340-won range.
There is a view that the rate could rise beyond the 1,340-won range to the 1,350-won range. International oil prices all topped $100 as Middle East tensions worsened, and U.S. Government Bonds yields rose. As a result, the New York stock market ended transactions down for the fourth straight session.
On the 10th (local time), West Texas Intermediate (WTI) rose 6.69% from the prior session to $102.48 a barrel. Brent, the benchmark for international oil prices, rose 6.34% to $107.63. The U.S. Government Bonds 30-year yield climbed intraday to 5.354%, the highest since June 2007. The Standard & Poor's (S&P) 500 fell 0.58%, and the Nasdaq Composite fell 0.6%.
However, there is also a view that the rise may be limited due to dollar selling by semiconductor export corporations. Min Kyung-won of Woori Bank said, "It is reasonable to see the monthly scale of Korea's semiconductor exports and the won conversions for domestic investment as factors that steadily induce dollar supply."