The South Korean won fell today, reaching the lowest price in a week, on poor trading data and conflict with North Korea, which threatens to turn into an overt war.
The won fell today, following the Friday’s attempt to rally, as South Korean exports registered almost no growth in March. This was attributed to the weaker yen, which made Japan’s goods more competitive. At the same time, imports dropped 2 percent, resulting in a bigger trade surplus, which widened from $2 billion in February to $3.4 billion in March.
USD/KRW rose from 1,111.5000 to 1,114.6849 as of 13:46 GMT today.
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