Won Falls to 21-Month Low
25 April, 2019
The Korean won on Wednesday fell to less than W1,150 against the U.S. dollar to the lowest level in a year and nine months.
The won closed down W9.1 at W1,150.9, the lowest since July 11, 2017.
An electronic board shows the Korean won closing at 1,150.90 against the U.S. dollar at KEB Hana Bank headquarters in Seoul on Wednesday.
The main reason for the soaring dollar was a spike in U.S. shares. The New York Stock Exchange soared to a record high the previous day buoyed by strong earnings of listed companies.
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