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S. Korean currency rebounds from 17-yr low on hopes for Middle East de-escalation
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Updated 2 hours ago
First seen March 24, 2026 05:13:46Stay on top of this story
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Quick Summary
The South Korean won gained sharply against the US dollar Tuesday, recovering from a 17-year low in the previous session, after US President Donald Trump delayed planned strikes on Iranian energy infrastructure amid talks to end the conflict. The won opened at 1,490.9 per dollar, up 26.4 won from the previous session's 1,517.3 won. Monday's level marked the weakest since March 9, 2009, when the won fell to 1,549 during the global financial crisis. The domestic and global foreign exchange and sto