Korean won rises against US dollar
The Korean won rose against the U.S. dollar Thursday, extending its gains for the fifth consecutive session. The won was quoted at 1,338.5 won per dollar at 3:30 p.m., up 1.9 won from the close of the previous stock trading session. At one point in morning trading, the won advanced to a high of 1,336.3 per dollar, marking the strongest level since Sept. 10. The won's gain came amid the broad…
The Korean won has risen against the U.S. dollar for the fifth consecutive day, trading at 1,338.5 won per dollar by 3:30 p.m. Thursday, up 1.9 won from the previous session's close. The currency saw its strongest level since September 10 during morning trading, reaching 1,336.3 per dollar. The surge in the won's value is attributed to the broader strength of the U.S. dollar, as indicated by minutes from overnight Fed policymakers' meeting that highlighted inflation risks.
Additionally, foreigners sold approximately 2 trillion won ($1.5 billion) worth of local shares during the latest trading session, causing the Korea Composite Stock Price Index to drop 2.62 percent to 6,625.93.
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- Korean won rises against US dollar koreatimes.co.kr
- S. Korean won rises against U.S. dollar en.yna.co.kr
