HomeNews News S Korea won advances to 5-mth high on dollar weakness; stocks slip S Korea won advances to 5-mth high on dollar weakness; stocks slip

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S Korea won advances to 5-mth high on dollar weakness; stocks slip

S Korea won advances to 5-mth high on dollar weakness; stocks slip

Monday, March 20, 2017, 9:17 AM

The South Korean won strengthened for a fourth straight session early on Monday, touching a five-month high as the greenback slipped further following the Federal Reserve’s less hawkish comments last week. The won stood at 1,126.7 as of 0233 GMT, up 0.4 % compared to Friday’s close of 1,130.9. It was the currency’s highest intraday level since Oct. 20.
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