South Korean won weakens to 1,529.7 per dollar, recoups some losses after government warns on volatility
The won fell 13.3 won to 1,529.7 per U.S. dollar by 3:30 p.m. on June 4, 2026, as global oil prices rose and foreign investors sold 6.9 trillion won of local stocks.
bloombergquint.comS. 3 won from the prior session's close. 6 won weaker than the previous close, marking the first intraday trade below 1,530 won per dollar since March 31, 2026.
It later recouped some losses after Finance Minister Koo Yun-cheol warned that authorities would act to curb excessive volatility in the foreign exchange market. Koo also pledged measures to address volatility in the bond market, the finance ministry said. The won has now closed above 1,500 per dollar for 13 consecutive trading sessions.
-Iran airstrikes increased risks in the Middle East. 5 billion, of South Korean stocks. South Korea's foreign reserves declined in May 2026 due to foreign-exchange market-stabilizing measures.
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