Yonhap Infomax NewsThe dollar-won exchange rate fell sharply to a yearly low of 1,433.30 in London trading after the National Pension Service cut its overseas equity investment target, signaling reduced dollar demand from Korea's largest institutional investor.
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Dollar-Won Hits 1,433.30 in London Trading as National Pension Fund Scales Back Overseas Equity Investments
The dollar-won exchange rate fell sharply to a yearly low of 1,433.30 in London trading after the National Pension Service cut its overseas equity investment target, signaling reduced dollar demand from Korea's largest institutional investor.