South Korea’s won was the only major Asian currency to weaken against the US dollar last week, as strong outbound investment and a lack of domestic drivers fueled a persistent supply-demand imbalance, despite a broad decline in the greenback.
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Won Slides Alone Last Week—South Korean Currency Weakens Despite Broad Dollar Decline
South Korea’s won was the only major Asian currency to weaken against the US dollar last week, as strong outbound investment and a lack of domestic drivers fueled a persistent supply-demand imbalance, despite a broad decline in the greenback.