The Bank of Korea (BOK) reported that the South Korean won remained stable against the U.S. dollar in July, while foreign investment in domestic securities continued to show net inflows. The central bank’s data revealed that the USD/KRW exchange rate stood at 1,376.8 won per dollar on Aug. 7, virtually unchanged from the end of June. Foreign investors injected $2.24 billion into South Korean securities in July, marking the ninth consecutive month of net inflows.

Global financial markets experienced declines in government bond yields and stock prices amid concerns over the U.S. economic slowdown and the Bank of Japan’s (BOJ) interest rate hike. The BOK noted that external borrowing conditions for domestic banks remained stable, with the 3-month USD/KRW foreign exchange swap rate dropping 16 basis points to -2.23% since the end of June. The bank pledged to monitor market conditions closely, citing ongoing global economic uncertainties.