Won hits another decade-plus low against the dollar Wednesday
Published: 14 Sep. 2022, 10:25
![An electronic display board at Hana Bank in central Seoul shows market on Wednesday. [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2022/09/14/ff845d84-a0a5-4bdf-9b07-2e987e5e0717.jpg)
An electronic display board at Hana Bank in central Seoul shows market on Wednesday. [NEWS1]
The won reached another decade-plus low on Wednesday, falling to 1,395.50 won against the dollar following higher-than-expected inflation in the United States in August.
The won fell around 1.5 percent from the previous trading day after the U.S. reported 8.3 percent on-year growth in Consumer Price Index Tuesday. The Nasdaq slid 5.16 percent and the S&P 500 4.32 percent on the day of the report.
The Kospi and Kosdaq opened more than 2.5 percent down Wednesday.
BY JIN MIN-JI [[email protected]]
with the Korea JoongAng Daily
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