{"id":331202,"date":"2026-03-10T06:33:11","date_gmt":"2026-03-10T06:33:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/331202\/"},"modified":"2026-03-10T06:33:11","modified_gmt":"2026-03-10T06:33:11","slug":"korean-won-rebounds-sharply-after-dropping-to-17-year-low-amid-middle-east-crisis","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/331202\/","title":{"rendered":"Korean won rebounds sharply after dropping to 17-year low amid Middle East crisis"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/e9be5630-c3cf-41d8-a972-9cc2c2c0dc77.jpg\" style=\"height: auto; aspect-ratio: 1920 \/ 1000; width: 100%\" alt=\"The dealing room of Hana Bank in Seoul, Tuesday. Yonhap \" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>The dealing room of Hana Bank in Seoul, Tuesday. Yonhap <\/p>\n<p class=\"editor-p\">The Korean currency gained sharply against the U.S. dollar Tuesday, rebounding from a steep drop the previous day, after U.S. President Donald Trump hinted that the war in the Middle East could end soon.<\/p>\n<p class=\"editor-p\">The won opened at 1,470.8 per dollar, up 24.7 won from the previous session&#8217;s 1,496.5 won.<\/p>\n<p class=\"editor-p\">Monday&#8217;s figure marked the weakest level since March 12, 2009, when the country was reeling from the global financial crisis.<\/p>\n<p class=\"editor-p\">The won has weakened sharply since last week in line with a broad dollar rally amid risk-off sentiment following the U.S.-Israeli attacks on Iran. Foreign sell-offs in the local stock market also contributed to the weakening of the Korean won.<\/p>\n<p class=\"editor-p\">But Trump&#8217;s remarks eased concerns about a prolonged, broader regional war and potential disruptions to global oil supplies.<\/p>\n<p class=\"editor-p\">Also helping sentiment was news that the Group of Seven major economies were preparing to implement &#8220;necessary&#8221; measures in response to surging global oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"The dealing room of Hana Bank in Seoul, Tuesday. Yonhap The Korean currency gained sharply against the U.S.&hellip;\n","protected":false},"author":2,"featured_media":331203,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-331202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/331202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=331202"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/331202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/331203"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=331202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=331202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=331202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}