The dollar strengthened as investors anticipate the Federal Reserve holding interest rates steady next month, despite a mixed U.S. jobs report. Meanwhile, Japan’s finance minister hinted at currency intervention to combat a weakening yen, which has hit multi-month lows. The euro and sterling saw minor movements against the dollar, with market focus also on Britain’s upcoming budget.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq
July 28, 2026