South Korean currency falls for fourth straight week

Source: Bloomberg
© Scanpix/Associated press
The South Korean currency fell for a fourth week in a row amid speculations that the Fed will slow down the stimulus that have urged the money flows, while the South Korea's importers bought the U.S. Dollars to pay the monthly bills. The Won depreciated 0.2% today and also weekly to 1,129.64 per Dollar in Seoul and it has plunged 2.5% in May, reaching 1,133.72 per Dollar on May 29, the lowest level in more than 2 years.
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