Korean Won Tops 1,540 as Foreign Selling and Fed Rate-Hike Fears Bite
The Korean won breached 1,540 per dollar for the first time in 15 days, driven by six weeks of heavy foreign equity selling and the Fed's pivot toward potential rate hikes. President Lee called the current level excessive.

Tags: korean-won · federal-reserve · dollar-index · foreign-equity-outflows · fx-market ·
Original source: Google Finance News