S. Korean currency dips on rising inflationary pressure

The South Korean won weakened to a more than one-month low against the US dollar Friday amid renewed worries about inflation, as higher-than-expected US inflation data raised expectations about a rate hike. The won opened at 1,494.2 won per dollar, down 3.2 won from the previous session's close. Extending losses, the won was quoted at 1,500.8 won against the dollar as of 3:30 p.m., falling further to a 9.8 won drop. It was the first time since April 7 that the won broke below the psychologically

By The Korea Herald