HomeForex UpdatesS.Korean gained weakens previous 1,300 per greenback first time in 13 years...

S.Korean gained weakens previous 1,300 per greenback first time in 13 years By Reuters


South Korean 10,000 gained be aware is seen on U.S. 100 greenback notes on this image illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji/File Photograph

SEOUL (Reuters) – South Korean gained fell beneath a psychological threshold of 1,300 per U.S. greenback for the primary time in 13 years, amid international financial recession worries and the greenback’s power.

The gained weakened as a lot as 0.24% in onshore spot commerce to the touch the bottom since July 14, 2009, at 1300.4 per greenback quickly after the market opened on Thursday.

The gained has weakened greater than 8% this yr, following an 8.6% drop in 2021 that was the quickest annual fall since 2008.

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