South Korea's FX Swap Points Close Mixed on July 15 as U.S. CPI Eases

According to Yonhap Infomax, South Korea's foreign exchange swap points closed mixed on July 15. The 1-year FX swap point closed at -14.10 won, up 0.40 won from the open, while the 6-month point finished at -7.20 won and the 3-month at -3.30 won. The decline in U.S. Treasury yields following softer-than-expected June inflation data supported longer-dated swap points, but heavy forward currency selling by heavy industry companies pushed back against gains.
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