Won Rate Weakens Against U.S. Dollar to 1.539

For Soldiers in Korea looking to convert some U.S. dollars into Won, now is the time to do it:

The South Korean won weakened against the U.S. dollar Tuesday amid renewed expectations that the U.S. Federal Reserve would raise its rates this year. 

The won traded at 1,539.1 won per dollar, down 2.1 won from the previous session, as of 3:30 p.m., partly hit by a sell-off by foreign investors in local stocks. 

The won opened at 1,539.4 won per dollar earlier in the day but tumbled to as low as 1,542.1 won at one point, marking the weakest level since June 8.

Yonhap

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