The South Korean won has crashed to a record low as the US dollar gained momentum and the country’s political crisis remained. The USD/KRW exchange rate rose to a high of 1,486, a record high ...

USD/KRW saw a sharp run up towards 1444 after President ... EUR/USD continues to be on the defensive and navigates the low-1.1300s on the back of a decent rebound in the US Dollar.

Bank of Korea (BoK) Governor Rhee Chang-yong explained the reasons behind the interest rate cut decision in his post-policy meeting press conference on Tuesday. Tuesday's rate decision was unanimous.