Korean Won Plummets: Hits 1998 High Amid Middle East Tensions & Oil Surge
The South Korean won fell to its lowest level against the U.S. Dollar in over two decades on Friday, briefly surpassing 1,500 won per dollar, as geopolitical tensions in the Middle East and rising oil prices fueled currency volatility. The won closed at 1,470.1 won per dollar, according to the Chosun Ilbo, marking its weakest … Read more