{
  "id": 16870946,
  "title": "Korean won sharply weakens against US dollar",
  "url": "https://urgent.news/2026/10/28/korean-won-sharply-weakens-against-us-dollar-16870946",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T08:22:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20261028/korean-won-sharply-weakens-against-us-dollar"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Korean won experienced a significant depreciation against the U.S. dollar on Wednesday, falling to 1,337.7 won per dollar at 3:30 p.m., a decline of 14 won from the previous trading session's close. This sharp weakening was attributed to foreign investors purchasing dollar futures and covering dollar-short positions. At one point during afternoon trading, the won dropped to a low of 1,342.3 won per dollar. Despite the Federal Reserve's expectation to keep its key interest rate unchanged this week, traders were closely monitoring whether the central bank might hint at a rate hike later in the year. Meanwhile, foreign investors netted a purchase of 815.8 billion won ($609 million) worth of local shares in the latest regular stock trading session, driving the benchmark Korea Composite Stock Price Index up 6.63 percent to close at 6,012.44.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "S. Korean won sharply weakens against U.S. dollar",
        "url": "https://urgent.news/2026/10/28/s-korean-won-sharply-weakens-against-u-s-dollar",
        "published": "2026-10-28T07:35:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}