The South Korean won rose against the US dollar today despite the threat of war between South and North Koreas. The currency remains under pressure as investors are selling South Korean stocks.
North Korea said last month that the countries are in a “state of war” and warned yesterday that it is going to resume its Yongbyon nuclear site, which was closed in 2007. The benchmark Kospi Index slipped 0.7 percent today. Yet the won managed to rise against the US currency, perhaps because the economic data from the United States was not particularly good.
USD/KRW fell from 1,122.2899 to 1116.5000 as of 18:07 GMT today.
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