South Korean Officials Ramp Up Warnings on Won Weakness [Yahoo! Finance]
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Source: Yahoo! Finance
(Bloomberg) -- South Korea discussed concerns about its currency with Japan after the won and yen slumped to multi-year lows amid a surge in the dollar that's reverberating through global markets. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding US Yields Spike as Hawkish Powell Puts 5% in Play: Markets Wrap China Tells Iran Cooperation Will Last After Attack on Israel What If Fed Rate Hikes Are Actually Sparking US Economic Boom? Powell Signals Rate-Cut Delay After Run of Inflation Surprises South Korea's finance ministry released a statement outlining comments from Finance Minister Choi Sang-mok and his Japanese counterpart Shunichi Suzuki in which they expressed “serious concerns” over the recent weakening of their currencies and warned of taking appropriate steps to counter any drastic volatility. There was no immediate comment from Japanese officials. The won dropped to the key level of 1,400 versus the dollar on Tuesday for t
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