Won falls sharply past 1,500 won amid oil price surge

The South Korean currency fell markedly past the 1,500-won level against the US dollar Thursday as global oil prices surged amid intensifying tensions in the Middle East. The won opened at 1,505 per dollar, down 21.9 won from the previous session, breaching the psychologically and technically critical 1,500-won threshold. On Monday, the won touched the level for the first time since March 2009 in intraday trading amid surging global oil prices, the Middle East crisis and concerns about supply di

By The Korea Herald