(Bloomberg) -- South Korea's won rose to the
strongest this year before a government report tomorrow that
economists say will show the nation grew at the fastest pace in
1 1/2 years last quarter. Government bonds gained.
The won has risen 1.6 percent in 2007 as the benchmark
Kospi index advanced to a record today and the central bank and
government raised their growth forecasts earlier this month. The
Bank of Korea may allow the won to appreciate faster as the 2.3
percent rally in Japan's currency against the U.S. dollar this
month eased concern local exporters will lose competitiveness.
Read more at Bloomberg Bonds News
strongest this year before a government report tomorrow that
economists say will show the nation grew at the fastest pace in
1 1/2 years last quarter. Government bonds gained.
The won has risen 1.6 percent in 2007 as the benchmark
Kospi index advanced to a record today and the central bank and
government raised their growth forecasts earlier this month. The
Bank of Korea may allow the won to appreciate faster as the 2.3
percent rally in Japan's currency against the U.S. dollar this
month eased concern local exporters will lose competitiveness.
Read more at Bloomberg Bonds News
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