Dollar Deposits Surge $6.3 Billion as Won Strengthens Into High 1,300s

An employee sorts U.S. dollar bills at Hana Bank's Currency Counterfeit Response Center in Jung-gu, Seoul, on Aug. 21, as dollar deposits rise amid continued weakness in the U.S. dollar. Dollar deposits at South Korea's five major commercial banks have surged as the won strengthened into the high 1,300s per dollar, with households and companies increasing dollar holdings amid expectations that the…