South Korea's Won Surges Amid US-Iran Ceasefire Deal

The South Korean won climbed to its highest level in a month on Wednesday, buoyed by a surprise ceasefire agreement between the United States and Iran. The currency closed at 1,470.6 per U.S. dollar, gaining 33.6 won from the previous day. This marks the highest exchange rate since March 11, a period marked by volatility stemming from escalating tensions in the Middle East. The agreement, reached Tuesday, commits both nations to a two-week pause in hostilities and includes Iran's conditional reo