The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led to Read more
Tag: South Korean Won
Korean won weakens to 13-year level after Fed rate increase
South Korea’s currency weakened to a 13-year low against the U.S. dollar after the Federal Reserve’s interest-rate increase and projections spurred a risk-off mood in Asia. The dollar USDKRW, +1.12% Read more
A strong dollar is stirring trouble in markets: What investors need to know
Last week, the U.S. dollar etched a new entry in the financial history books when it briefly traded above parity with the euro EURUSD, -0.51% for the first time in Read more