(Bloomberg) -- South Korea's won fell on speculation
the central bank will sell it to support exports after the
currency closed yesterday at a seven-month high. Government
bonds dropped.
The currency snapped a four-day, 1.1 percent rally as
Finance Minister Kwon Okyu said today the government will take
measures to slow the won's gain when necessary. A rising won may
threaten growth by making Korean goods more expensive abroad,
reducing demand for the nation's exports.
Read more at Bloomberg Emerging Markets News
the central bank will sell it to support exports after the
currency closed yesterday at a seven-month high. Government
bonds dropped.
The currency snapped a four-day, 1.1 percent rally as
Finance Minister Kwon Okyu said today the government will take
measures to slow the won's gain when necessary. A rising won may
threaten growth by making Korean goods more expensive abroad,
reducing demand for the nation's exports.
Read more at Bloomberg Emerging Markets News
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