investingLive Asia-Pacific FX news wrap: Drone attack on Oman raises the stakes

6% at one stage. The Korean won deepened its slide against the dollar, hitting its weakest level since March 2009, as selling pressure intensified through the session. The proximate trigger was a suggestion from South Korea's Labour Minister that Samsung and other companies riding the AI boom should consider distributing a share of the excess profits those gains have produced. It was the kind of official commentary that has rattled Korean markets before, and traders did not wait to find out whether it would be followed by policy action. This article was written by Eamonn Sheridan at investinglive.com.

Forexlive1d ago1 min readSingle source

investingLive Asia-Pacific FX news wrap: Drone attack on Oman raises the stakes — Image · Forexlive

The gist

4-point summary · 1 min

The Korean won deepened its slide against the dollar, hitting its weakest level since March 2009, as selling pressure intensified through the session.
The proximate trigger was a suggestion from South Korea's Labour Minister that Samsung and other companies riding the AI boom should consider distributing a share of the excess profits those gains have produced.
It was the kind of official commentary that has rattled Korean markets before, and traders did not wait to find out whether it would be followed by policy action.
This article was written by Eamonn Sheridan at investinglive.com.

6%March 2009

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EUR/USD· Euro · US Dollar

$0123456789.01234567890123456789↓ 0123456789.01234567890123456789 (-0123456789.01234567890123456789%)

Last updated · 9:29:50 PM

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Open$1.16

Range$1.15 – $1.16

Volume—

24h$1.15 – $1.16

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