Korean won sinks to 1-year low vs dollar on robust US data
The South Korean won
Seoul - Yonhap
The Korean won slumped to the lowest mark in over a year against the U.S. dollar Thursday, tracking other currencies' moves, as sound economic data from the U.S. reinforced expectations about an earlier-than-expected rate hike by the U.S. Federal Reserve.
The local currency was trading at 1,086.70 to the greenback as of 9:18 a.m., down 3.1 won from the previous session's close, marking the lowest since Sept. 13, 2013, when the comparable figure was 1,087.00 won
Sound economic data on job creation in the world's largest economy supported the dollar's rally.
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