South Korean won hits seven-month high on report of currency talks with US

Quick Summary:

The won advanced almost 2 per cent to 1,368.50 per dollar on May 21, the strongest since Oct 2024.

The won’s volatility comes amid concern that the US is using the threat of higher tariffs to convince its trading partners to allow their currencies to strengthen.

The won advanced as much as almost 2 per cent to 1,368.50 per dollar on May 21 – its strongest level since October 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanSouth KoreaTaiwan

Topics: Dollar Currencies Trade Cent South Level Advanced Strongest Media Officials Currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 11:33:49 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28902667

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