Won Stays in 1,490 Range as Ceasefire Talks Stall and Oil Tops $100

On the 13th, the Korean won opened at 1,493.8 per dollar, down 3.9 won from the previous session’s 1,489.9. The currency remained in the 1,490 range, extending its decline. The backdrop was sluggish ceasefire negotiations and rising international oil prices. Brent crude and WTI both moved above $100 per barrel, adding pressure on the won. At the same time, the report noted that the AI investment cycle is limiting the lower end of the won’s value. Markets are expected to watch progress in ceasefire talks and oil price movements. Source: mk.co.kr.