(Bloomberg) -- South Korea's won fell for a third day, the longest losing streak since the start of March, on speculation investors are selling higher-yielding currencies after China acted to slow its economy.
The won also slipped from the strongest in two months against Japan's currency on concern investors were exiting the so-called carry trade where they borrow in the yen and invest in countries with higher interest rates. China this weekend ordered lenders to set aside a higher proportion of deposits at the central bank to slow lending.
Read more at Bloomberg Currencies News
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