Not just Rupee and Yen, South Korea’s currency Won is falling too
02-Jul-2026
South Korea’s currency, the Won, is falling close to its weakest level since the 2008-09 global financial crisis. Normally, a country that is selling more goods to the world would see its currency become stronger. But South Korea is seeing the opposite.
As reported by Bloomberg, the Won weakened to around 1,555 against the US dollar and briefly touched 1,559.10 on Wednesday. Last month, it had slipped to 1,562.20, its weakest level since March 2009. Foreign investors sold a net 1.46 trillion won (about $938 million) worth of stocks on Wednesday. This marked the eighth straight day of selling, adding to pressure on the country’s currency.
News Source:- https://www.financialexpress.com/market/global-markets/not-just-rupee-and-yen-south-koreas-currency-won-is-falling-toonbsp/4281011/?ref=globalmarket_hp
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