Image: Social News XYZKorean won falls nearly 6 pc against US dollar this year - Social News XYZ
β’ The South Korean won has depreciated by nearly 6% against the US dollar so far this year, according to central bank data released on Sunday, July 5. β’ This decline is driven by significant capital outflows, with foreign investors selling off more than 156 trillion won in assets. β’ The currency drop reflects broader economic volatility and shifting investor sentiment, potentially impacting South Korea's import costs and inflation rates.
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