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| ▲ Officials work at a dealing room of Hana Bank in Seoul on April 8, 2025. (Yonhap) |
S Korea-FX market
Korean won dips to lowest level since global financial crisis amid Trump tariff shockwave
SEOUL, April 8 (Yonhap) -- The South Korean currency weakened markedly against the U.S. dollar Tuesday to reach the lowest level in over 16 years amid deepening concerns about the impact of the Donald Trump administration's sweeping tariff plan on the economy.
The Korean won was quoted at 1,473.2 won against the greenback at 3:30 p.m., down 5.4 won from the previous session.
The reading marks the lowest level since March 13, 2009, when the won was quoted at 1,483.5 won as the country was grappling with the aftermath of the global financial crisis.
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