Image: Social News XYZKorean won falls nearly 6 pc against US dollar this year - Social News XYZ
⢠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. ⢠This decline is driven by significant capital outflows, with foreign investors selling off more than 156 trillion won in assets. ⢠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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