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South Korean won falls sharply after global oil price drop

Tuesday, April 5, 2016 - 09:45

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The South Korean won fell sharply against the dollar early on Tuesday on broad risk-off sentiment among investors, sparked by a global oil price decline overnight.

[SEOUL] The South Korean won fell sharply against the dollar early on Tuesday on broad risk-off sentiment among investors, sparked by a global oil price decline overnight.

The local currency fell as low as 1,158.5 per dollar, down 1.0 per cent from its previous close of 1,146.1.

REUTERS

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