The South Korean won declined against the US dollar today after South Korea’s inflation fell to the lowest level on record.
South Korea’s consumer prices were unchanged in August, year-on-year, after rising 0.6% in the previous month. Market participants were not prepared for such a bad reading, counting on an increase of about 0.3%. The decline of inflation was mainly the result of a plunge in fresh food prices.
USD/KRW rose 0.41% to 1,215.76 as of 17:10 GMT today.
If you have any questions, comments, or opinions regarding the South Korean Won, feel free to post them using the commentary form below.
