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fxJun 5, 2026, 3:41 AM

South Korean Won Drops to 17-Month Low vs Dollar

USD/KRW extended its winning streak, trading near 1,540 after hitting 1,549 — a level last seen in March 2009 — despite government pledges to stem excessive volatility.

USDKRW

The South Korean won continues to weaken against the US dollar, with USD/KRW reaching a 17-month low during Asian trading on Friday. The pair extended its five-day winning streak, trading around 1,540 after briefly hitting 1,549 — a level not seen since March 2009.

The decline persists despite explicit assurances from South Korean government officials that they will intervene to curb excessive market moves. The won's slide underscores persistent pressure from dollar strength and domestic economic concerns.

Source: FXStreet Forex News