South Korean Won Slips To 9-day Low Against Dollar

The South Korean won lost ground against the dollar after hitting a 2-day high of 1382.10 at 9:25 pm ET Wednesday. The dollar-won pair that closed yesterday's New York session at 1390.40 reached 1398.65 by about 11:05 pm ET. This set a 9-day low for the won. If the Korean currency weakens further, it may likely target the 1402.5 level.