The South Korean won gained today as South Korea, Japan and China planned to coordinate efforts for resolving the political tension between North and South Korea’s.
Previously, tensions were escalating after North Korea performed a nuclear test and threatened to attack its Southern neighbor. Now, concerns are waning on prospects of peaceful negotiation. The hostility persists for now though and together with fear of global economic slowdown it may yet push the won back down.
USD/KRW went down from 1,122.3650 to 1,119.7650 as of 10:22 GMT today.
If you have any questions, comments or opinions regarding the South Korean Won,
feel free to post them using the commentary form below.