New Overnight Developments Abroad - Daily Update
South Korean Won Seizes Foreign Exchange Market Spotlight
December 3, 2024
The U.S. dollar jumped 2.4% overnight against the South Korean won after President Yoon Suk Yeol, whose term began in May 2022, declared martial law in the face of an increasingly dysfunctional legislature and the threat of his own impeachment. At today’s low of 1,438 won per dollar, the Korean currency had dropped 9% since […] More
