A screen at Hana Bank headquarters in Seoul shows the won-dollar exchange rate and the KOSPI, Thursday. Yonhap
The Korean won weakened against the U.S. dollar Thursday, as oil prices climbed over renewed tensions in the Middle East after Iran and the United States launched fresh attacks.
The won was quoted at 1,506.1 won per dollar at 3:30 p.m., down 7.6 won from the previous session.
The Korean currency opened at 1,507.5 won per dollar, down 9 won from the previous session, a day after U.S. President Donald Trump said a temporary ceasefire with Iran was over.
However, the won's weakness appeared to be offset as foreign investors remained net buyers of local stocks for the second straight trading session.
