Forex

S. Korean Won Slumps Against Dollar Amid US Yield Concerns

Guavy AI Editorial Team Published October 1, 2026

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USD

The South Korean won weakened against the US dollar on Thursday as investors remained concerned about rising US Treasury yields.

The won was quoted at 1,358.4 per dollar at 3:30 pm, down 5.6 from the previous close.

The decline came despite data showing a key US inflation gauge gained less than expected in August.

However, the 10-year US Treasury yield rose past 5.3 percent, marking its highest level in about 24 years.

The Wire

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