Falling foreign exchange
![Pedestrians walk past a foreign exchange in Myeong-dong, central Seoul, on Tuesday. The local currency closed at 1,330.9 won against the dollar on Monday to finish above the 1,330 mark for the first time since May 18. The won is losing ground against the dollar over the worse-than-expected producer price index in the United States and the slowing Chinese economy. [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2023/08/15/d3c489f0-24f9-4fec-a897-522cfbea1a08.jpg)
Pedestrians walk past a foreign exchange in Myeong-dong, central Seoul, on Tuesday. The local currency closed at 1,330.9 won against the dollar on Monday to finish above the 1,330 mark for the first time since May 18. The won is losing ground against the dollar over the worse-than-expected producer price index in the United States and the slowing Chinese economy. [NEWS1]
with the Korea JoongAng Daily
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