The won-dollar rate briefly topped 1,560 in overnight trading, reaching its highest intraday level in 17 years and three months amid a stronger dollar and foreign outflows.

The won weakened sharply against the dollar on Thursday due to renewed tensions in the Middle East as the United States and Iran engaged in a fresh round of airstrikes.

The Korean won weakened beyond the 1,560-per-dollar mark in overnight trading Friday and early Saturday, falling to its lowest level in 17 years as...

The won-dollar rate briefly topped 1,560 in overnight trading, reaching its highest intraday level in 17 years and three months amid a stronger dollar and foreign outflows.