Won-Dollar Exchange Rate Breaches 1,555 Won Again; Weak Yen and Foreign Outflows Threaten 1,560 Level
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The won-dollar exchange rate has breached 1,555 won, reaching its highest level since the financial crisis. The exchange rate is under pressure from a weak yen and foreign outflows, with some analysts considering the psychological ceiling of 1,600 won. The won has sunk to a 17-year low, remaining above the 1,500 level.
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