South Korean Won Falls in Currency Trading

Asian currencies drop in FX tradingThe Korean won is falling in currency trading today. Thanks to the 0 billion bailout, the U.S. dollar is gaining strength in forex trading. As a result, many Asian currencies are struggling in FX trading.

Bloomberg reports on the South Korean won in currency trading:

“The dollar is being buoyed on the back of the bailout plan and that’s undermining the won,” said Emmanuel Ng, an economist at Oversea-Chinese Banking Corp. in Singapore. “Risk aversion remains at elevated levels and market sentiment will remain cautious.”

See Also

Asian Currencies in FX Trading
Forex trading with world currencies

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