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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
The South Korean won fell to its weakest level in more than 15 years as a strong dollar combined with domestic political uncertainties slam the currency.
The dollar-won rose as much as 1.5% to 1460.2 on Thursday, bringing the won to its weakest level since March 2009 before it pared some of its losses. The currency was hit by a broad rally in the greenback after Federal Reserve officials signaled they would dial back the pace of interest-rate cuts next year. The Bloomberg Dollar Spot Index rose to its strongest level since 2022.
