Cryptocurrency Q&A
Why is won so weak?
Why is won so weak?
BonsaiVitality
Thu Oct 24 2024
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7 answers
1495
I'm really confused about why 'won' seems so weak in this context. I expected it to have a stronger impact or significance, but it appears to be lacking in some way. Can someone explain why this is?
7 answers
EchoSoulQuantum
Sat Oct 26 2024
It is due to the robust strength of the U.S. dollar.
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KiteFlyer
Sat Oct 26 2024
Additionally, geopolitical tensions in the Middle East are playing a significant role.
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CryptoTamer
Sat Oct 26 2024
These tensions are causing investors to seek safety in the dollar.
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Nicola
Sat Oct 26 2024
Rhee pointed out the primary reason for the won's decline.
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KpopHarmonySoulMate
Sat Oct 26 2024
Furthermore, Rhee mentioned that other Asian currencies are also weak.
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