South Korean Won Hits 17-Year Low Against Dollar -- Market Talk
Dow Jones03-19 16:08
0807 GMT - The South Korean won hit a 17-year low against the U.S. dollar as an escalating Iran conflict fuels risk-off sentiment and boosts demand for safe-haven assets. The greenback settles at 1,501.00 won in Seoul onshore trading, the strongest level since March 2009, after closing at 1,483.10 in the previous session. Concerns over energy supply disruptions weigh heavily on investor confidence after Israel and Iran traded air strikes on energy oil and gas facilities. "Risk aversion spreads as tensions in the Middle East escalate again," Woori Bank economists say in a note. Woori expects the currency pair to trade between 1,500 and 1,513. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 04:08 ET (08:08 GMT)
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