S. Korea's currency strengthens on U.S.-Iran peace deal (opens original article in a new tab)

South Korea's currency strengthened to a two-week high following reports of a U.S.-Iran peace deal, with the won reaching 1,504 won per dollar. Global oil prices dropped, and South Korean officials discussed exchange market conditions.

• South Korean won rose to a two-week high after U.S.-Iran peace deal announcement.
• U.S. President Trump announced the deal on social media, affecting global oil prices and exchange rates.
• South Korean Deputy Finance Minister held talks with U.S. counterparts regarding foreign exchange markets.