Won Slumps Most in Six Weeks on Geopolitical Risks

Won Slumps Most in Six Weeks on Geopolitical Risks

SeongJoon Cho/Bloomberg

“The won is coming under selling pressure as the North Korean threat prompts dollar buying,” said Jeon Seung Ji, a currency analyst at Samsung Futures Inc. in Seoul. “Some exporters are waiting to settle their deals near the level, which may provide some buffer to the won.”