(Bloomberg) -- South Korea's won fell on speculation
the central bank will sell the currency to aide exports after it
closed yesterday at a seven-month high.
The currency snapped a four-day, 1.1 percent rally after
the Finance Ministry and the Bank of Korea yesterday said in a
joint statement they're ``worried'' by movements in the won that
aren't in line with the economy's performance. A rising won may
threaten growth by making Korean goods more expensive abroad,
reducing demand for the nation's exports.
Read more at Bloomberg Currencies News
the central bank will sell the currency to aide exports after it
closed yesterday at a seven-month high.
The currency snapped a four-day, 1.1 percent rally after
the Finance Ministry and the Bank of Korea yesterday said in a
joint statement they're ``worried'' by movements in the won that
aren't in line with the economy's performance. A rising won may
threaten growth by making Korean goods more expensive abroad,
reducing demand for the nation's exports.
Read more at Bloomberg Currencies News
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