Korean won sharply weakens against US dollar

Korea Times News ·
Economy Markets South Korea
South Korea

The Korean won sharply weakened against the U.S. dollar Wednesday, as foreigners appeared to have purchased dollar futures and covered dollar-short positions. The won was quoted at 1,337.7 won per dollar at 3:30 p.m., down 14 won from the close of the previous stock trading session. At one point in afternoon trading, the won dropped to a low of 1,342.3 won per dollar. Although the U.S. Federal…

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