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Korean won sinks to 2-year low on weak Q1 growth

Korean won sinks to 2-year low on weak Q1 growth

South Korea’s won currency fell to a two-year low against the U.S. dollar on Thursday as the nation’s economy unexpectedly contracted in the first quarter and the dollar remained strong globally. The won was quoted at 1,158 won per U.S. dollar on Thursday’s opening, down 7.1 won from the previous session. At one point, the […]

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