Korean Won At 4-day Low Vs U.S. Dollar As Trump Threatens To End Trade Deal
28 Avril 2017 - 5:21AM
RTTF2
The Korean won drifted lower against the U.S. dollar in early
European deals on Friday, after the U.S. President Donald Trump
remarked that South Korean trade deal is "unacceptable'' and warned
of a major rift with North Korea.
In an interview, Trump said a major conflict with North Korea
was possible over its nuclear and ballistic missile programs, but
he would prefer a diplomatic outcome to the dispute.
Meanwhile, South Korea said it would adopt a "wait and see"
stance, after Trump told Reuters he would either renegotiate or
terminate a "horrible" trade deal with the country.
The Korean won that ended Thursday's trading at 1131.50 against
the greenback dropped to a 4-day low of 1137.80. The won is likely
to find support around the 1180.00 zone.
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